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Ethereum major level trend line analysis:
The current structure has shifted from:
Rebound recovery → weakening and declining again
Key changes:
Rebound high: approximately 2120 level (obvious resistance)
Current price: 2083
Low point: 2048
Structure definition:
Standard "second decline phase in a downtrend"
Support and resistance levels:
Upper resistance
First resistance
2105 - 2120
(Recent rebound failure zone)
Strong resistance
2135 - 2150
Lower support
First support: 2070
Strong support (key): 2045
Comprehensive assessment:
Current status:
👉 Bearish dominance, momentum entering acceleration phase
Key logic:
First wave of selling pressure
Weak rebound
Second decline phase initiated
Conclusion: This decline is not finished; the second phase has just begun
Final summary:
Ethereum's rebound has failed, already entering the second downtrend phase, with targets directly at 2048 or even lower. #Gate13周年全球庆典 #以太