Ethereum major level switch analysis:


The current structure is:
Peak at 2200
Continuous decline (main downward wave)
Stops falling around 2050
Currently: sideways consolidation at a low level (2060-2080)
Current structure definition: "consolidation within a downtrend"
Key point: This is not a reversal, but a "pause after a decline"

Support and resistance levels:
Current price 2068
Upper resistance
First resistance 2080
Key resistance 2100
Strong resistance 2120
Lower support
First support 2050 (just tested)
Key support 2020
Extreme support 1980
Overall judgment:
Current market condition: bearish trend unchanged + entering consolidation
Core logic:
Main decline has been released
Key support 2050 has appeared
Indicators are at low levels and dulled
But the trend is still intact
Conclusion: There is a high probability of further decline (down to 2020)

Final summary:
Ethereum is entering consolidation around 2050, with a short-term rebound possibly to 2100, but overall still bearish, with a high probability of retesting 2020 later. #以太 #ETH
ETH-4.27%
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