Ethereum is still in weak recovery. Yesterday, it surged to a high of 1637, but it failed to hold above 1600. Today, it fell back below 1600 again; after hitting a low of 1549, it rebounded. This shows that there is pressure above 1600 and that there is support and consolidation near 1550. Currently, it is trading in a choppy recovery range between 1550 and 1600.

In terms of indicators, the 1-hour RSI is recovering from low levels, and the KDJ has also started to rebound, indicating that there are indeed buyers stepping in near 1550.

However, the 4-hour MACD is still below the zero line, and the KDJ has not fully strengthened, so this cannot be directly taken as a trend reversal.

Operational advice: go long on dips as the primary approach.

Enter long at 1550–1555, with targets at 1580–1610.

⚠️ Note: The views are for reference only. The market can change rapidly, and strategies may have lag; please follow real-time guidance for specific actions.