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Ethereum Overall Structure Analysis:
The 4-hour structure is very clear:
Top → Consolidation → Breakdown → Continuous decline
Price action:
2385
↓
2300 consolidation
↓
Breakdown
↓
2200
↓
2150
↓
Current: Around 2117
Key structural changes:
Lower lows persist (2150 → 2140 → 2117)
No effective rebounds
Bearish candles dominate
Current definition:
Continuation of the 4H bearish trend + entering the mid-to-late stage
Support and resistance levels
Upper resistance
First resistance at 2150 – short-term resistance
Second resistance at 2180 - 2200
Strong rebound resistance
Strong resistance at 2220 - 2250
Trend suppression zone
Lower support
First support at 2100 (key level)
Second support at 2050
Strong support at 2000
Comprehensive assessment of current Ethereum:
👉 The 4-hour bearish trend has not yet ended
But: It is approaching the oversold zone in the intermediate stage
Market condition:
Rebound can happen at any time → then continue to decline
Final summary:
Ethereum is approaching the key support at 2100, with a short-term rebound demand, but the overall trend remains bearish, so rebounds are still opportunities to short.