ETH 2-hour/4-hour in a strong rebound within a bearish trend, 15-minute is dominated by short-term bulls; the larger cycle has not reversed, the smaller cycle is relatively strong. The current position is a critical zone between bulls and bears. Only a break above 2114 opens up space; a break below 1992 means the rebound will end immediately.

1. 4-Hour Cycle (Trend Cycle, Determine the Main Direction)

1. Trend Qualitative
The 4-hour chart still shows a recovery rebound after a decline, without breaking through the previous downtrend channel. It is a rebound, not a reversal. The large-scale bearish structure remains intact; short-term funds are flowing back to push prices higher.
2. Bollinger Bands (4H)
The middle band will form the first major resistance in the 2080~2100 range, which coincides exactly with your 2-hour SAR resistance at 2114, creating a resonance zone of strong resistance. This is the most important obstacle in this rebound.
3. Support Levels
Strong support on the 4-hour chart is at 1960~1980. As long as this level holds, the rebound structure remains valid; breaking below will directly return to the downward wave.
4. Volume and Pattern
The 4-hour candle closes bullish but volume has not continued to expand, indicating a no-volume rebound correction. There is significant selling pressure above, making it difficult to break through the 2114 resonance resistance in one go.

2. 2-Hour Cycle

1. Indicator Status
- Price stabilizes above the Bollinger middle band at 1992, indicating bulls are dominant, and the rebound structure is healthy.
- SAR resistance at 2114 is the short-term bull-bear critical line. If the price cannot stay above it, the rebound will continue; if it cannot hold, a quick retreat follows.
- Bollinger Bands are slightly opening upward, indicating a short-term bullish bias, but not yet a strong upward trend.
2. Key Zones
- Bullish Defense: 1992 (if not broken, the rebound continues)
- Bullish Target: 2114-2138 (upper Bollinger band)
- Bearish Reversal: falling below 1980, invalidating all bullish signals
3. Pattern
A test of the middle band directly pulls bullish, support is effective, typical of a “support bounce and pressure test” pattern. No divergence at the top, and short-term momentum for a push higher remains.

3. 15-Minute Cycle (Super Short-Term, Entry/Exit Timing, No Recommendations)

1. Current State
The 15-minute chart is strongly bullish, with candles moving along the moving average, Bollinger bands opening upward, no signs of pullback, and short-term inertia pushing higher.
2. Short-term Support
Dynamic support at 2010~2020, which acts as a “protective zone” for short-term bulls. As long as it holds, the price will continue to push toward 2114.
3. Risk Signals
If a long upper shadow appears on the 15-minute chart and the price falls below 2010, it signals a short-term pullback after a high push, corresponding to resistance in the 2-hour cycle encountering resistance.

4. Key Price Levels for Full Cycle Resonance (Most Critical, Remember These 4)

- Strongest Resistance (Resonance): 2114 (SAR + 4-hour middle band + 2-hour resistance, three-in-one)
- Weak Resistance: 2080 (small step before hitting the top)
- Strong Support: 1992 (2-hour Bollinger middle band, the bulls’ lifeline)
- Break Level: 1980 (break below = rebound ends)

5. Overall Cycle Rhythm Summary (Most Straightforward)

1. Large Cycle (4H): Bearish, only a rebound, not a reversal
2. Medium Cycle (2H): Bullish, rebound structure intact, facing resistance
3. Short Cycle (15M): Bullish, inertia pushing higher, with momentum
4. Overall Probable Path: Inertia pushes high first, testing the 2080~2114 resistance zone → encountering resistance and oscillating/retracing → whether it can stabilize above 2114 will determine the rebound’s height