From the 4-hour timeframe, although the 3000 integer level has formed short-term resistance, Ethereum remains within a consolidation upward channel overall. Technical indicators show that the middle band of the Bollinger Bands continues to provide support, and price pullbacks are consistently supported; the MACD green momentum bars are steadily expanding, indicating that bullish momentum is still accumulating; the KDJ is in the neutral zone and shows initial signs of a golden cross. Overall, the moving average system has preliminarily formed a bullish alignment, and the trend direction has not yet changed. In the short term, the trend is expected to maintain a consolidation upward movement, and the bullish pattern is likely to continue.