This week, the price movement of Ethereum ( ETH ) has been influenced by multiple factors, mainly including the rebound of the US dollar, uncertainty in tariff policies, and the market's ongoing expectations for interest rate cuts. Although yesterday ETH showed a fluctuation and rise trend, it failed to break through the previous high point, while the relative strength index ( RSI ) showed divergence signals, suggesting potential adjustment pressure in the short term.

From the 1-hour time frame perspective, the ETH market presents a complex pattern intertwined with technical aspects and macro environment. Technical analysis shows that the current market is still in an upward trend, with multiple indicators such as moving averages in a bullish arrangement and golden cross forming strong bullish signals, while the appearance of engulfing patterns further validates this trend. However, it is worth noting that the RSI indicator has entered the overbought zone, and the price is approaching the upper Bollinger Band, which together suggest a possible pullback in the short term. Another point worth noting is that the current trading volume is relatively low, making it difficult for us to fully confirm the sustainability of the trend.

Looking ahead at the recent price movement, the $4100 to $4066 range may become a key support level. If it can be effectively maintained, ETH is expected to launch an attack towards the $4000 mark. However, investors still need to closely monitor market changes, especially the potential impact of macroeconomic factors on the cryptocurrency market.

In the current complex market environment, investors should maintain a cautiously optimistic attitude, paying attention to positive signals from the technical side while being wary of potential rebound risks. At the same time, it is important to keep an eye on the dollar movement, regulatory policy trends, and changes in the global economic situation, as these factors may have a significant impact on ETH price.