Currently, ETH is in a clear consolidation phase with a slight downward shift in the center of gravity. From the 4-hour chart, the major downtrend seems to have slowed, but on the 1-hour timeframe, the bears still hold the dominant position.

Trading ideas for reference:

Aggressive long: If the price around 1,983 does not break and shows reversal signals (such as a long lower shadow or a bullish engulfing pattern), you can try a small long position to catch the rebound, with a stop loss below 1,980.

Wait and see / Short: If the price rebounds to around 2,010 and encounters resistance (unable to stabilize), consider shorting with a target near 1,983.

Main trend: Currently, there is no obvious one-sided trend. It is recommended to trade within the range by buying low and selling high, or wait for a confirmed breakout above 1,980 or 2,040 before taking action.

Risk warning: Cryptocurrency is highly affected by news, and technical analysis may sometimes fail. Be sure to set strict stop losses.