Ethereum supports at 2160 effectively, look for oscillation and upward movement next week

Ethereum has experienced a round of sharp rise and pullback this week. Early in the week, the bulls attempted to push higher, reaching close to 2381, but failed to stabilize, then faced resistance and pulled back. On Friday, it dipped to around 2160 to halt the decline and stabilize. But the key support was not broken, which is a normal profit-taking during an upward trend.

2160 is the lifeline; this is the daily level Fibonacci support, with indicator divergence. The daily RSI has entered the oversold zone, and although the MACD shows a death cross, the green bars have not expanded significantly, indicating a potential bottom divergence correction.

Go long around 2170, initially targeting 2310, with a breakout aiming for 2430.