ETH experienced a sharp reversal and a V-shaped rebound from the 2023 level, currently stabilizing around 2150, with a fierce battle between bulls and bears.

At present, ETH is at a critical decision point. Whether it can effectively break through 2190 in the short term is key to determining the direction, while 2100 serves as the short-term support level. Until a clear breakout occurs, the market is likely to remain volatile, possibly falling back to the 2000-2030 range. If this V-shaped reversal pattern fails, it could trigger an accelerated decline into the low 1000s.