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Ethereum major level trend analysis (4H core)
First, the conclusion: Major level: rebound within a sideways correction in a bearish structure
Currently clearly visible:
Previous high: around 2200
Continuous decline
Low point: 1936
Current rebound: around 2065
Key structure:
Highs are decreasing (2200 → even lower high)
Low point just rebounded (1936)
So, this is: a rebound within a downtrend
Support and resistance levels
Current price: 2065
Resistance above
First resistance (key)
2080 - 2100
(Here is a previous dense trading zone + the start of the decline)
Strong resistance at 2120
Support below
First support at 2030
Core support at 2000 (psychological + structural level)
Strong support at 1960
Comprehensive judgment:
The current market essence: a rebound after a decline
Not:
A reversal into a bull market
A one-sided rally
Therefore: the rally is getting closer to a bearish turning point
Final summary:
Ethereum 4H is at the end of a rebound within a downtrend, with 2080-2100 as a key resistance zone. Beware of a quick pullback after a rise. #ETH