Ethereum Current Trend Analysis

● Short-term: Consolidation and selection of direction within a declining trend. The battle between bulls and bears intensifies, with increased volatility this week, entering a classic market divergence phenomenon: retail investors firmly bottom-fishing, while large investors waver. Renewed US-Iran conflicts and the release of non-farm (small non-farm) data this week may trigger short-term directional moves.
Resistance: 2033~2050 (liquidation zone)
Support: 1990~1970 (liquidation zone)
● Mid-term: Downtrend. Multiple timeframes on daily and above charts show a bearish alignment, with a clear mid-term downward trend. Breaking below the 2000 psychological and technical support levels could potentially establish a medium- to long-term downtrend.
Resistance: 2080~2130
Support: 1930~1900, 1800~1750

Current Key Levels
1. 2060: Previously a key defense level for bulls, recent strong resistance
2. 2000: Both psychological and technical support on the monthly chart; a break below could lead to deeper declines
3. 1900: Round number, previous support level

Current Trading Recommendations
1. In the consolidation phase within the downtrend, the price center shifts downward, increasing the probability of a strong downward breakout. Focus on short positions, with some long positions as a supplement. Volatility is increasing, so both bulls and bears should enter in batches. Long positions carry high risk; try to go long cautiously, avoid blindly entering if there’s no downward spike, and take profits gradually after floating gains, with quick entries and exits.
2. ETH: Short zone 2020~2040, Long zone 1980~1960.
3. BTC: Short zone 74,000~74,700, Long zone 73,000~72,500.