Ethereum large-scale trend analysis is as follows:



Current structure:
Decline → Halt decline → Rebound → Sideways trading

Price range:
Lower: around 2120
Upper: around 2160

Key changes:
Significant weakening of upward momentum

Performance:
Consecutive small candles
Highs not breaking through
Uptrend turning into "grinding"

Current definition:
A sideways distribution pattern following a weak rebound (bearish bias)

Support and resistance levels:
Current price: 2155

Resistance above:
First resistance (core): 2158 - 2170 (already multiple times suppressed)
Second resistance: 2200

Support below:
First support: 2135
Second support: 2120 (key level)

Comprehensive assessment:
The current market essence is the final stage of a shock recovery within a downtrend.
Characteristics:
Cannot rise
Cannot break down (for now)
Waiting for a direction
But inclined:
Downward

Final summary:
Ethereum is consolidating around 2150 with clear resistance above. The longer the sideways trading persists, the greater the probability of a downward breakout.
ETH0.51%
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