Overnight, Ethereum's overall operation pace was not rapid. In the first half, it gradually rose supported by low-level support, and the market moved upward with oscillations to around 2179 before encountering resistance. It failed to open up further upside space, then began a sustained consolidation and pullback. From the chart, we can see that each rebound at high levels is weakening in strength, and the market has not been able to stay in the high region. Instead, it continues to give back the gains made in the early morning during subsequent movements, especially as it approaches the current period. After several small rebounds, it was pushed down again toward 2130, indicating that short-term funds have a strong willingness to take profits at high levels. This round in the early morning was mostly a technical rebound followed by a return to consolidation; the overall center of gravity has now shifted downward again.

Currently, the 1-hour structure on the chart shows clear signs of weakening. The medium- and short-term moving averages are beginning to converge downward, and the middle line of the Bollinger Bands is at risk of being broken, indicating that short-term bears are regaining control. Resistance above 2150 has become obvious, with multiple attempts failing to break through effectively, and the lows continue to decline. Structurally, this is a weak correction after a failed rebound. The subsequent trading strategy remains clear: mainly focus on shorting rebounds, avoiding blindly going long at the current levels. The key is to monitor the resistance in the 2160-2180 area. As long as the price cannot re-establish a firm footing in that zone, upside potential will be limited. In the short term, continue to watch for retests of lower support levels; following the trend and shorting remains the more prudent approach at this point. #Gate13周年全球庆典 $ETH