Market Analysis — ETH The rebound after the sharp drop across major coins just now is an oversold rebound in nature, not a support-driven rally. Therefore, there isn’t a corresponding bottoming structure below, so be cautious of a secondary dip or a gap fill. Since structures below the 4H timeframe are generally bearish, don’t expect a direct rally. However, the larger cycle support on the 12H and above structures is still intact, so you can take advantage of lower lows on smaller timeframes to catch a rebound. Reference levels are as follows: Short-term support: 3969~3872 (1:2) Short-term resistance: 4220 (time-based) Second resistance: 4439 (space-based) Other short-term levels currently hold no operational significance. Let’s wait for market volatility to stabilize before reassessing. ETH