Ethereum began a technical pullback after reaching the 2870 point level yesterday. From the daily chart technical analysis, today's KDJ indicator and MACD indicator still show a slight oscillating upward trend, with the three MA moving averages arranged upwards at different amplitudes, indicating an overall upward trend. Currently, Ethereum is under pressure from the MA 5-day moving average in the 2760-2800 range. In the short term, the appearance of the red TD indicator indicates that indicator repair is underway, and it is expected to continue upwards after completing the technical gap fill.

The four-hour chart shows that the KDJ and MACD indicators are in a slight bullish contraction phase, but the overall technical indicators still maintain a sideways upward trend. The BOLL indicator shows signs of opening towards the upper track and is oscillating upward. On the short-term front, the MA three-day moving average is arranged in a bullish oscillating upward pattern, and currently, Ethereum and Bitcoin are both firmly standing at the green TD9 position.

It is expected that after Ethereum completes the current technical pullback repair, it will welcome a secondary upward trend in the evening. There might be a round of technical retracement during the day, but the strength of the pullback is expected to be limited, and it may continue to fluctuate upward in the evening. This analysis only represents personal opinions, and actual operational suggestions should be based on real-time market conditions.