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Currently, ETH/USDT is in a high-level rebound consolidation phase. The price has stabilized above the short-term moving average but faces resistance from the long-term moving average. Technical indicators show that the short-term bulls are dominant, but the market has entered an overbought zone. If the price can volume-break through 1,990, it is expected to test the resistance zone at 2,017‑2,024; if it falls below the short-term moving average support at 1,973, it may retest around 1,953. It is recommended to buy low and sell high within the 1,973‑1,990 range.