Ethereum's recent price fluctuations saw it reach $2,150 before falling back to $2,034. The key support level is at $2,000, with resistance at $2,100, which marks the profit and loss status of large investors. Market sentiment has shifted to bullish, but caution is needed as insufficient price momentum could lead to a short squeeze. Volatility is rising, and institutional selling has slowed. The future trend depends on whether it can break through $2,100.