During the early morning phase, Ethereum continued its weak sideways decline. The market gradually retreated to around 2030, showing signs of stabilization after stopping the decline. Subsequently, it experienced a slight rebound and correction at the low levels, followed by a rapid upward surge driven by a rebound trend, once reaching near 2080. However, there was obvious selling pressure above, preventing an effective breakout, and the market then entered a high-level consolidation phase. From the morning until now, the market’s focus has gradually shifted upward, with lows rising continuously and highs repeatedly testing the previous high area, showing a generally strong rebound rhythm with oscillation. The strategy of shorting during the early morning trend has yielded good profit space, but if the mindset is not adjusted in time during the rebound, it’s easy to miss the rhythm. The market is never short of opportunities; what’s lacking is execution and awareness. Falling behind the rhythm means being harvested—it’s only a matter of time.

From the current structure, although there is a rebound, the overall trend still remains within a bearish framework. This round of upward correction is more of a recovery after a pullback. On the 1-hour chart, it shows a stepwise rebound, but the 2080-2100 zone above is a clear resistance area. Multiple tests without breaking through indicate heavy selling pressure. The 2030 level below forms a short-term key support. On the indicator level, RSI is in the mid-to-high range, with momentum waning, indicating limited room for further upward movement and a potential pullback. Therefore, trading ideas should be clear: mainly short, waiting for the rebound to above 2080 to gradually short, with a stop-loss above 2100. Once again encountering resistance, a pullback toward 2050 or even 2030 is likely. The overall rhythm is to short during rebounds, not blindly chase longs.