$ETH A wave of strong upward advance has emerged. The price once surged to around 2273, but afterward the momentum weakened, showing signs of a pullback. The pace of this rally is somewhat too fast—it seems more like it was driven by external news and geopolitical tensions, rather than a steady upward move within a technical structure.

From the four-hour timeframe, the contest between bulls and bears has clearly intensified. Although the bulls have a slight advantage in the short term, an effective breakout has not been formed overall, and the pressure at higher levels remains significant. The current price action has a degree of instability, and the risk of chasing after a rally is high.
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