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Since the early morning phase, the overall movement rhythm of Ethereum has shifted from consolidation to a downward space. The market initially fluctuated around 2200, repeatedly attempting to test upward but lacking continuation. During this period, it briefly surged above 2240 but quickly fell back. This upward push did not form a structural breakout, instead confirming the presence of selling pressure above. Subsequently, the market began to weaken, with highs gradually declining, and rebound amplitudes noticeably shrinking, while the decline pace remained relatively consistent, with lows dragged down to around 2170 before slowing down. In the morning, the market maintained a low-level consolidation and repair, with some retracement actions but unable to stabilize above key levels. The overall trading center shifted significantly lower compared to early morning, transitioning from oscillation to a more weak trend structurally.
From the current market situation, it appears more like a consolidation during a downward process rather than a stabilization after a decline. In the short term, the highs are decreasing, and rebounds are weakening, indicating that upward pressure is gradually diminishing. Attention can be paid to the resistance zone around 2220-2240, which has repeatedly acted as a pressure point previously and also marks the boundary of the structure; further above, watch the strong resistance zone near 2260. On the support side, first look at the 2150 level as a support, followed by the key support zone around 2120-2100. From a spatial structure perspective, the upper and lower ranges are gradually widening. Until the price re-establishes above 2220, the market is unlikely to turn strong, so the subsequent trading strategy should remain in line with the trend and focus on short positions. #Gate广场四月发帖挑战 $ETH