Ethereum major level breakout analysis:


The current structure is very clear:
Decline: 2200 → 1960
Sideways: 1960–2000
Breakout: surpassing to 2027
Current: retracing to around 2000 with further oscillation
Definition of the current structure: false breakout followed by rebalancing oscillation
Key change:
Breakout did not continue
Price has returned to around 2000
Explanation: The bulls are not strong enough, and the market is entering a secondary choice

Support and resistance levels
Current price: 2005
Upper resistance
First resistance: 2020 (key resistance)
Strong resistance: 2050
Lower support
First support: 1990
Core support: 1960

Overall judgment
Current market condition: false breakout followed by re-oscillation
Core signals:
Breakout failure
Diminished momentum
Return to the range
Conclusion: short-term oscillation leaning bearish

Final summary
Ethereum surged but failed to stabilize, returning to the 2000 oscillation zone. In the short term, focus on selling high and buying low. #ETH
ETH1,69%
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