$ETH Early morning Ethereum briefly dipped below the 2150 level, bottoming out around 2125 before failing to produce a meaningful rebound, remaining under persistent pressure in the lower region. The current price has only slightly recovered to around 2127, with the rebound being very weak. This is a typical weak market that does not turn back. The 2150 level, which has been tested multiple times as support, has now turned into a short-term significant resistance once broken. The price has been unable to regain above it, exemplifying a classic support-turned-resistance trend. The bearish pattern is very clear, and there is no need to elaborate further.

From the perspective of momentum and chart patterns, there has been no significant volume-driven rebound during the decline. The hourly K-line continuously shows low-level consolidation patterns, with small bodies and frequent upper shadows, indicating that the bulls' counterattack is very weak. The market's selling pressure continues to be released, and the bears are firmly in control of the rhythm. The moving average system is already in a bearish alignment, with the MACD fast and slow lines diverging below the zero line in a death cross, and the RSI operating in the weak zone without obvious bullish divergence signals. This suggests there is still room below. Do not rush to bottom-fish at this level; in a weak market, bottoms are formed, not guessed.

The 2150 level is the current key reference point for bulls and bears. As long as the rebound cannot stabilize above this level, the bearish structure will not easily reverse. The support below at 2120-2100 is a psychological level, but a confirmed break below will further open the downside space. The next support is expected to be around 2080-2050. Until the price can regain stability above 2150, any rebound should be viewed as a correction within a bearish trend, not a trend reversal signal. In terms of trading, continue to short on rebounds and avoid being misled by weak rebounds into the wrong rhythm. #TradFi交易分享挑战