Ethereum Major Timeframe Line Analysis:

First, let's look at the core changes:
Low point: 2021
Sudden surge to: 2198
Current pullback: 2128

Structure essence:
"Violent retracement" within a downtrend

Key points:
This large bullish candle is not a trend reversal, but rather:
Short covering + Retail long liquidation + Whale manipulation dump (news-driven)

Support and Resistance Levels
Current price
👉 2128
Upper resistance
First resistance
👉 2135 - 2150
Strong resistance
2180 - 2200 (Just reached this level)
Lower support
First support 2100
Key support 2070
Strong support 2020

Comprehensive Assessment
Current market status:
👉 The trend remains bearish, only experiencing a fierce retracement
Core logic:
Rally too fast
Volume spike too extreme
Indicators overheated
Upper rejection
Conclusion:
This is not the start of an uptrend, but a bull trap top

Summary in one sentence:
After Ethereum's violent rally to 2200, the subsequent sharp pullback is a bull trap retracement within a downtrend, likely to retest 2100 → 2070 → 2020 next.#Gate13周年全球庆典 #以太