From midnight until now, Ethereum has continued to fluctuate weakly. The market first tested lows around 2040 and then rebounded, with the rally peaking above 2070. However, after reaching the high, it failed to break through with sustained volume, instead quickly pulling back, indicating that selling pressure above still exists. Subsequently, during the morning, the market repeatedly contested the 2055 level. Although there were some local rallies, the highs could not be raised further, and the overall trading center gradually shifted downward, showing a lack of buying enthusiasm. From the early morning until now, the rebound has been more of a short-term correction and has not changed the overall weak structure. The market remains in a phase of oscillation and digestion after encountering resistance at higher levels.

Looking at the current structure, the key resistance above is around 2080, which is an extension of the high point area from early morning. It is also the level that must be broken for a short-term rebound to continue. Only if it stabilizes above this level can the bulls have further room to extend; otherwise, after the rebound ends, a retracement is still likely. On the downside, the key support is around 2020, which is the lower boundary of the current short-term consolidation zone and an important area for previous bottoming and rebound. If broken, the downward space will open further. Technically, the hourly moving averages are flattening and trending downward, and the MACD remains in a weak bearish crossover, indicating insufficient rebound momentum. Therefore, subsequent trading should continue to focus on shorting rebounds. #美以伊战事停火预期增强 $ETH