The price of Ethereum ($ETH ) has returned above 1700 dollars. Although the trend is not dramatic, it reveals a stubborn resilience. After a round of washing and settling, the main force has not left the market; instead, they have completed a redistribution of chips within the downward range.

From a structural perspective, the time of low-level fluctuations has been long enough; the rebound is not abrupt but rather a natural release after suppression. The daily chart has returned to a key area, the bottom shape is gradually becoming clear, and the rhythm has shifted from defense to exploration.

The heat has not yet arrived, and the noise has not yet begun. This is precisely the breathing window that the market is willing to offer. A true breakthrough is never a momentary riot, but a series of unnoticed returns.