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Ethereum major level analysis:
Major structure:
1936 → Starting to rise
Continuous rebound
Breakthrough 2100
High point: 2157
Current state: Sideways around 2130
Key point: No new high
Structural definition: Uptrend → High-level consolidation (weaker)
Difference from the previous chart:
From "strong sideways movement"
to "stagnation after surge"
Support and resistance levels:
Current price: 2126
Resistance above:
Primary resistance (key): 2155 - 2165
Strong resistance: 2200
Support below:
Primary support (important): 2120
Core support (critical): 2100
Strong support: 2080
Overall judgment:
The current market essence: Decay phase after an uptrend
Not: Accelerated strong trend
Confirmed reversal
But: High-level divergence → imminent direction choice
Final summary:
Ethereum entered a high-level consolidation around 2130 after reaching 2157, with diminishing momentum. 2120 is a key support; a break below will signal weakening. #ETH