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Ethereum major level breakout analysis:
First, observe the structural change:
1936 → Rebound initiation
Rising all the way to 2093
Currently pulling back to around 2065 and consolidating
Key point: No new high (2093 not broken)
So the current structure: Uptrend → Sideways consolidation → Fatigue
This step is very important: From trend → entering a consolidation divergence zone
Support and resistance levels:
Current price 2068
Upper resistance
First resistance (very critical)
2085 - 2095
(Already tested and failed once)
Strong resistance at 2100
Lower support
First support 2045
Core support 2020
Strong support 2000
Overall judgment:
Current market condition: Decaying upward momentum + high-level consolidation
Not:
Strong trend
Unilateral rise
But: Fake breakout / divergence zone
Final summary:
Ethereum 1H level failed to break 2093 after a surge, momentum weakens, entering a consolidation divergence zone. Beware of a false breakout above 2085 followed by a pullback. #ETH