The rebound is expected to digest the resistance chips above. Good morning, brothers. Recently, Old A has been taking a more relaxed approach, mainly focusing on high points and highlighting the importance of the neckline, which requires attention at the resistance level of 104000 for Ethereum at 3400. Currently, on the daily chart, both levels have been broken. The weekly breakdown was a volume-down break, so we need to pay attention to the area of sideways consolidation that started in mid-July. It is challenging for the short-term to eat away at this trapped position. Old A often says that the direction indicated on Sunday night usually provides directional guidance. We are now at a bottom structure where the market is awakening, depending on how it develops. The first resistance is at 106000-6500, with a synchronized support at 3750-3800. If the chips in this area are digested, we can move into the next phase of a bullish trend. If not, and the price cannot break above, the trend will continue downward, extending the mid-term correction. Currently, the market is in a state of stagnation, with many data releases pending, making fundamental analysis difficult. Brothers can only rely on guesses. According to early morning information, the stagnation is about to end. For intraday trading, follow the resistance levels: go long at high points, and if the price tests but does not break 104000/3450, continue to buy. Around 106500, look for a rebound; around 107000-7500, add to positions. Watch 104500-104000; if there is strong momentum, look at 101500-3680-3700 for a rebound, and around 3500, consider buying on dips. For strong momentum, watch 3360. If the price tests 104000 and breaks below 3450 with no strength, consider shorting with a light position.