Monday just started, Ethereum broke below the 2900 level in the early morning, dropping to around 2784 before quickly rebounding. Currently, on the 4-hour chart, the overall situation is in an oversold rebound state, but the bulls are gradually weakening around 2880. On the 1-hour timeframe, the trend faces a challenge from the middle band of the Bollinger Bands. If it can successfully break through this level, there is a chance to continue and once again surpass 2900; otherwise, it will refresh the lower lows.