The Ether price was just a step away from its historical high yesterday, ultimately being pressured down again near 4790, which also validated the MACD divergence seen in the one-hour chart from yesterday. Currently, the trend indicates that this round of short positions has basically been consumed, with the MACD showing a golden cross at a low level. In the early hours, after hitting a bottom around 4450, the price oscillated and repaired, breaking through the middle band of the Bollinger Bands. If it can hold above the middle band support during the day, we can continue to look for a rebound continuation.