Many people think ETH has already stopped falling.

But the market's favorite thing to do is to give one last test when everyone thinks a reversal is coming.
Near the 2000 level, bulls and bears are engaged in a fierce battle. Is it a bottoming rebound, or a trap to lure more buyers before continuing to decline?

In the next 24 hours, this is very critical. Currently, ETH remains in a weak consolidation phase, with the 2000-2020 range being a key area of short-term bulls and bears fighting for control.

If it can effectively hold steady and break through this resistance zone, there’s a chance to continue challenging the 2045-2060 region; if it fails to break through for a long time, the market is likely to continue oscillating downward, possibly testing the support near 1955 again.

From the current technical structure, although there has been a rebound after a decline, it is mostly a technical rebound after an oversold condition, and the trend has not truly reversed.

The 4-hour chart has already rebounded from the low of 1955, with short-term sentiment somewhat restored, and bullish momentum beginning to warm up. However, resistance above still exists; whether it can break through the 2040-2060 zone with volume will determine how far this rebound can go.

My current approach remains:

Watch for a breakout at resistance levels, and support levels for holding.

Until the trend clearly shifts to bullish, patience is more important than frequent trading.