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ETH shows a clear rebound on the 4-hour chart, with the price standing above 2570, breaking through the previous resistance at 2484 in the short term, accompanied by increased trading volume. The Federal Reserve implemented a 25bp rate hike as expected, with the negative impact already priced in by the market's prior pessimistic expectations. The chart shows a previous dip to 2356 forming a stage bottom, with lows gradually rising. The EMA short-term moving averages are turning upward, indicating bulls currently hold short-term control. However, there is strong resistance near 2620, a previous dense chip area, which may lead to a pullback after a rally. On the news front, regulatory bill progress remains uncertain and continues to be a medium- to long-term variable affecting the market. Currently, this is a recovery rally after the negative factors have been fully absorbed, not a confirmed trend reversal. It is crucial to watch whether the 2484 support holds on any pullback; if this level is broken again, this rebound will likely end. Bullish positions in the derivatives market have somewhat increased, so be cautious of a rapid retracement caused by short-term profit-taking.