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Ethereum major level switch analysis:
Current structure:
Decline: 2200 → 1960
Rebound: surged to 2049
Pullback: back to around 2000
Current: sideways trading above 2000
Defined current structure: high-level oscillation after a surge and pullback (direction at a critical point)
Key change: this time, it did not fall back to 1980, but stabilized above 2000
Note: Bulls are stronger than in the previous round
Support and resistance levels:
Current price: 2003
Resistance above:
First resistance: 2020 - 2030
Strong resistance: 2050 (previous high)
Support below:
First support: 1990
Core support: 1975 - 1980
Overall assessment:
Current market state: end of consolidation + imminent decision on direction
Key signals:
No longer making new lows
But unable to break through
Volatility is converging
Conclusion: a high probability of a breakout (direction still undecided)
Final summary:
Ethereum is oscillating near 2000 before a potential trend change, ready to choose a direction at any moment. Be patient and wait for a breakout or breakdown. #ETH