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Ethereum Major Level Swap Analysis (Core)
First, look at the overall structure:
High point: 2200
Low point: 1936
Current: oscillating around 2060
Key point: the rebound has not broken through the previous high structure (not even stabilizing at 2100)
Structure definition: a oscillating rebound within a downtrend
In other words: the trend remains bearish, with no reversal
Support and Resistance Levels
Current price: 2065
Upper resistance
Primary resistance (core)
2070 - 2090
Strong resistance
2100 - 2120
Lower support
Primary support: 2020
Core support: 2000
Strong support: 1936
Comprehensive judgment
Current market condition:
Weak rebound + sideways consolidation
Not:
Bullish trend
Bull market initiation
But: a resting phase within a downtrend
Final summary:
Ethereum 4H timeframe is in a oscillating rebound within a downtrend, with 2070-2090 as the key resistance zone. Breaking below 2020 will trigger a secondary decline. #ETH