After experiencing a significant decline, the market sentiment for Ethereum is showing the possibility of a technical Rebound.

Technical observation:
After the market has undergone a sharp adjustment, the panic has been released, and blind shorting may face the risk of reversal at this time, and the persistence of the bears' power is worth vigilance. Looking at the indicators, the 4-hour chart shows that the price has touched the lower band of the Bollinger Bands, and the oversold condition is quite obvious. Historical statistics show that there is about a 70% probability of triggering a technical rally in a similar situation. It is worth noting that the 2420-2450 area has formed a triple support resonance of the lower Bollinger band, the early platform support and the integer mark, constituting a strong price defense line.

Strategy Recommendation:
For investors with a lower risk tolerance, it may be advisable to gradually build long positions in the range of 2420-2450, setting a primary target at 2530, with a defensive stop-loss point below 2400.

Investors with a higher risk appetite can directly position themselves for a long at the current price level, setting target levels at 2580 and 2630 in sequence, while also setting a stop-loss below 2400 to control risk.

Overall, the current Ethereum price is in a technically oversold area, which has the conditions for a short-term rebound, but investors still need to strictly implement stop-loss strategies to manage risks.