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Ethereum Major Level Line Change Analysis:
Current Structure:
Breakdown → Downward Shift → Weak Rebound → Further Downward Shift
Key Points:
Previous Low: 2045 (already broken)
New Low: 2021
Current: 2049
Current Structure Definition:
Standard "Descending Channel + Low-Level Weak Oscillation"
Focus:
Low points are declining, high points are decreasing
= Bearish trend continues to strengthen
Support and Resistance Levels:
Current price: 2049
Upper resistance:
First resistance: 2055 - 2070
Strong resistance: 2085 - 2100
Lower support:
First support: 2020
Strong support: 2000
Comprehensive analysis:
Current status: bearish trend persists + low points keep dropping
Key logic:
Each rebound is weaker
Each low point is lower
Structure continues to decline
Conclusion: 2020 is not the bottom, it is likely to be broken
Final summary:
Ethereum is in a descending channel with lows continuously moving down; the 2020 retest will most likely fail, with the target directly at 2000.