Regarding Ethereum, yesterday's key support at around 2050 was blocked, and as the bears further increased their volume to retest, the break below the 2050 support level is happening. Currently, Ethereum is still attempting to move downward, with the white session testing resistance at 2010. In the short term, it continues to consolidate around 2020. Although the bears are in control, the market is still in an oversold zone, and the white session trading pattern is relatively consolidative. Such a market condition is an excellent opportunity for correction. At low levels, avoid chasing the bears aggressively to prevent buying high and selling low.

In terms of the current chart, after a high-level consolidation on the daily chart, the structure shifted to a series of downward adjustments, with the price further retesting but not falling to the weekend's low of around 2007. This indicates that short-term selling volume is increasing, and the market is still testing support levels downward. The 2000 level remains a critical resistance point. Although the bears are dominant, on smaller timeframes and with indicators showing oversold conditions, and given the relatively poor intraday trading, as long as the white session market does not break below, there is room for adjustment. For trading during the white session, consider first catching rebounds, and at high levels, opportunistically short in line with the larger cycle.

For Ethereum, focus on the 2010-2020 range, watching around 2050. The short-term bottom support is at the 2000 level; monitor for a break below this point, with further downside potential toward around 1900. #BTC #ETH