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Ethereum major level breakout analysis:
The current structure is:
Top at 2200
First wave down → 2050
Consolidation → Inducing buying
Second wave down → 2030
Currently: Fluctuating around 2040
Current structure definition: "Pre-breakout buildup" in a downtrend
Key point: Not about stopping the decline, but "waiting sideways for the breakout"
Support and resistance levels:
Current price: 2045
Upper resistance:
First resistance: 2055
Key resistance: 2080
Strong resistance: 2100
Lower support:
First support: 2030 (key)
Core support: 2020
Extreme support: 1980
Overall assessment:
Current market condition: Bearish trend persists + about to enter the third wave of acceleration
Core logic:
Losing 2050
Repeated tests of 2030
Indicators show no reversal
Weak rebound
Conclusion: Very likely to break below 2030 soon, entering a new round of accelerated decline
Final summary:
Ethereum is consolidating and building momentum around 2030, with a high probability of breaking downwards, targeting 2020 or even 1980. #ETH