Yesterday early morning, Ethereum retraced to the 2100 level and quickly stabilized. Bulls demonstrated a clear defensive stance at that point, followed by a V-shaped rebound pattern. The price has now firmly regained above 2130 and is currently trading around 2150.

From the technical perspective, after the support at the 2100 level was confirmed to be effective, the candlesticks consecutively closed with solid bullish bodies. Short-term moving averages have turned upward and formed a golden cross, indicating that bullish momentum is gradually strengthening. On the hourly chart, the price is steadily rising supported by the MA5, with the retracement lows moving up from 2115 to 2130, showing a typical oscillating upward trend. The MACD fast and slow lines formed a golden cross below the zero line and continue to expand in volume; the bullish momentum bars remain increasing, suggesting that the rebound strength has not yet diminished.

Short-term resistance above is around 2170-2180. If the price can break through this zone with increased volume, the rebound space will further expand. Support below has shifted up to the 2130-2115 range. As long as this support holds and is not broken, the short-term bullish structure remains intact. In terms of trading strategy, it is safer to buy on dips rather than attempt to catch the top prematurely. Currently, the market does not favor early top-fishing.