Performance: Consecutive small candles Highs not breaking through Uptrend becoming "grinding"
Current Definition: Consolidation distribution structure after weak rebound (bearish bias)
Support and Resistance Levels
Current Price 2155
Upside Resistance
First Resistance (Core) 2158 - 2170 (Already suppressed multiple times)
Second Resistance 2200
Downside Support
First Support 2135 Second Support 2120 (Key)
Comprehensive Analysis
Essence of Current Market: Shock recovery tail-end in downtrend
Characteristics: Goes up with difficulty Cannot break down (temporarily) Waiting for direction But tends toward: Downside
Summary in One Sentence: Ethereum is consolidating near 2150 with obvious overhead resistance, and the longer the consolidation continues, the higher the probability of breaking down. #Gate13周年全球庆典 #以太
Ethereum Large Timeframe Line Change Analysis as follows:
Current Structure:
Decline → Stop Decline → Rebound → Consolidation
Price Range:
Lower: Around 2120
Upper: Around 2160
Key Changes:
Upward momentum significantly weakened
Performance:
Consecutive small candles
Highs not breaking through
Uptrend becoming "grinding"
Current Definition:
Consolidation distribution structure after weak rebound (bearish bias)
Support and Resistance Levels
Current Price 2155
Upside Resistance
First Resistance (Core)
2158 - 2170
(Already suppressed multiple times)
Second Resistance 2200
Downside Support
First Support 2135
Second Support 2120 (Key)
Comprehensive Analysis
Essence of Current Market: Shock recovery tail-end in downtrend
Characteristics:
Goes up with difficulty
Cannot break down (temporarily)
Waiting for direction
But tends toward:
Downside
Summary in One Sentence:
Ethereum is consolidating near 2150 with obvious overhead resistance, and the longer the consolidation continues, the higher the probability of breaking down. #Gate13周年全球庆典 #以太