In the last two trading days, Ethereum has presented a doji bearish line pattern, indicating a divergence among market participants regarding its trend. Nevertheless, the V-shaped rebound that occurred yesterday suggests that long positions are still strong. In the short term, Ethereum may experience a pullback on an hourly basis, but is expected to continue pushing towards higher price levels thereafter.

Analysis shows that $4400 does not constitute significant resistance; the real challenge lies at the two key levels of $4600 and $4800. From a technical perspective, the current trend is in a rebound process of multiple moving averages, including the 12-hour EMA52 line, the daily MA30 line, as well as the shorter-term 4-hour MA30 line and the 1-2 hour EMA52 line.

For short-term traders, attention can be paid to the 2-hour EMA52 line and the 4-hour MA30 line, looking for long position opportunities near the EMA52 line. From a daily level perspective, the upper resistance levels are 4370, 4620, and 4880 USD, while the lower support levels are 4130, 3990, 3890, 3660, 3540, and 3410 USD.

Overall, Ethereum is currently in a critical consolidation phase. Although there may be fluctuations in the short term, the overall trend remains optimistic. Investors should closely monitor the key price levels mentioned above while also paying attention to risk management, as the volatility in the cryptocurrency market is still high. As market sentiment gradually clarifies, we may see Ethereum break through the current range in the near future, initiating a new round of upward movement.