Currently, Ethereum is in a range-bound fluctuation pattern, with the core price moving between $2,250 and $2,320. The strong resistance levels are at $2,320-$2,400, while the strong support levels are at $2,230-$2,100. Coupled with the implementation of the Cancun upgrade, continuous explosion of Layer 2 ecosystems, and steady growth in staking scale, the long-term ecological value remains solid. In the short term, the bulls and bears are engaged in intense competition.