The descending trend line formed after the Ether reached a new high in the early stage and completed the pullback last night, with a long lower wick appearing on the 4-hour level.

However, since the pullback has refreshed the local low point, the conditions for a short-term bullish trend have not yet matured.
If the price rebound can effectively break through the 4500 resistance level, then the target can be set at around 4700.
It is important to clarify that the breakout and pullback of the trend line only provide the basis for small-level reversals, while a true trend reversal must be validated through higher highs and higher lows. #Gate 新上线 WLFI #九月份加密市场能否突破