From a Technical Analysis perspective, Ethereum has recently experienced a significant fluctuation. Although the daily chart shows several bullish lines interspersed with small bearish lines, this pullback mainly alleviated the previous overbought condition. Currently, Ethereum's price is still closely following the upper band of the Bollinger Bands, indicating a relatively strong trend.

After yesterday's sharp decline, Ethereum quickly rebounded and is currently consolidating around $4650. This market reshuffle has not changed the overall bullish pattern. In this situation, relying solely on Technical Analysis may make it difficult to accurately grasp the market direction; it is more important to pay attention to the overall market pattern and investor sentiment.

Although the current market needs some time to digest and settle, the continued participation of institutional investors and large traders remains an important factor supporting the market. The market may need some time to accumulate energy in preparation for a potential rise in the future.

Looking ahead, a rebound is expected on the last trading day of this week. Investors should closely monitor the movements in the range of $4610 to $4640; if this range is broken, the next important focus will be $4750.

Overall, although the market may continue to fluctuate in the short term, the long-term bullish trend remains intact. Investors should be patient, closely monitor market trends, and also pay attention to risk management and asset allocation.