From the 1-hour trend, ETH formed a phase high near 2385 and then experienced a notable pullback, with prices declining all the way to around 2150. Currently, the price is oscillating near 2195. The overall uptrend has been broken, and the short-term structure has shifted to a bearish-dominated correction phase.

The MACD is currently in a death cross state, with green bars continuing to expand, indicating that bearish momentum remains subdued and the market is still in a downward cycle.

The RSI is currently trading near 40, showing weak market sentiment, but has not yet entered an extreme oversold zone. Short-term downside exploration is beginning.

The KDJ indicator is running at a low level and beginning to flatten, suggesting short-term decline momentum is easing, but the overall trend remains biased downward.

In terms of trading volume, the decline phase shows notably expanded volume, while the current oscillation phase has seen some volume contraction, indicating the market is entering a short-term recovery phase.

Resistance levels: 2220—2250
Support levels: 2150—2120

Currently, the overall structure belongs to oscillation and recovery after a decline, with the key area near 2150. If the price breaks below this level, bears may push further.

ETH pulled back after surging near 2385, and currently the price is oscillating near 2195. From a technical perspective, the MACD death cross continues to run, while the RSI is near 40, indicating overall weak market sentiment. Currently, 2150 serves as a short-term support zone, while the 2220—2250 range above represents the main resistance area.

If price breaks below 2150, the short-term could revisit the 2120 area; however, as long as 2150 holds, the price may continue oscillating within the 2150—2250 range.

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