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Key Price Levels for ETH
Resistance Above: 2126, 2157, 2193
Support Below: 2101, 2071, 2032
The four-hour chart broke below the 2101 level, and the price will further decline, looking toward the 2058 and 2006 levels.
In terms of market trend, Ethereum successfully broke through the bullish flag pattern and also surpassed the 2101 resistance level, with the short-term price rising directly to the 2144 resistance level. Such large upward surges are usually driven by positive news; without news stimulation, it’s difficult to see such strong upward momentum.
However, the price failed to stay firmly above 2144 and later fell back below this level. The candlestick fluctuations in the highlighted area in the chart are small, with no substantial directional change, indicating a false oscillation trend.
The subsequent judgment is also clear: as long as the pullback does not break below the 2101 support, there will be no further decline toward the 2056 level. To continue the upward trend, an effective breakthrough of the 2144 resistance level is needed; after breaking through, the target price can be set at 2193.
In the short term, the price is oscillating between 2101 and 2144, with no strong upward push or downward space, temporarily maintaining a range-bound consolidation pattern.