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Ethereum Overall Structure Analysis:
Current 1-hour structure:
Decline → Bottom formation → Consolidation → Gradual rise
Key changes:
Low point: 2114
Current: 2156
Lower lows rising + Higher highs rising
Current structure definition:
Weak reversal structure (but not yet confirmed)
Support and Resistance Levels
Current price 2151
Upper resistance
First resistance
2165 - 2175 (key)
Previous high resistance
Second resistance 2200
Lower support
First support 2140
Second support 2120 (key)
Comprehensive assessment:
Current market is not a unidirectional trend, but rather:
Mid-stage rebound within a downtrend
Essence: Main trend still bearish, but short-term is correcting
Summary in one sentence:
Ethereum's short-term weak reversal structure is in place, but before the 2175 resistance is broken, the rebound remains a bearish correction move. #Gate13周年全球庆典 #以太