Ethereum Major Timeframe Line Break Analysis:


Structure has changed:
Consolidation → Volume-driven large bearish candle → Bounce recovery
Key points:
High: 2175
Low: 2048
Current: 2107
Current structure definition:
Bounce in downtrend (weak bounce)

Support and Resistance Levels
Upper Resistance
First Resistance
2135 - 2145
Strong Resistance (key)
2155 - 2165
(Previous platform + breakout level)
Lower Support
First Support 2100
Strong Support
2050 (freshly created low)

Comprehensive Analysis
Current status:
Trend: Bear-dominated
Momentum: Bearish continuation within bounce
Key logic:
Large bearish candle = Major player intervention
Bounce with low volume = Mere recovery
Conclusion:
Market likely has more downside to go

Summary in one sentence:
Ethereum has just completed the first wave of selling pressure; currently in the bounce recovery phase; likely to continue declining after the bounce. #Gate13周年全球庆典 #以太
ETH-3.15%
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