Ethereum rebounded to around 2250 in the early morning but faced resistance and pulled back. In the short term, it dipped to around 2180 for a rebound, currently maintaining around 2200 with sideways consolidation. On the four-hour chart, focus is on whether the short-term break of the midline will lead to continued bearishness. Currently, there is heavy selling pressure at high levels, upward movement lacks volume, and the MACD fast and slow lines have already formed a death cross. The bullish momentum histogram is shrinking, the midline is gradually flattening, and the RSI has turned downward from the overbought zone, indicating that the bullish continuation is also being hindered. It is still advisable to adopt a high-altitude short-term outlook.