Ethereum's four-hour resistance level has been broken, but the rebound momentum is relatively weak.


During the nighttime pullback, pay close attention to the support level at 2000. As long as it does not fall below this level, the rebound will continue. The target resistance for the rebound is in the 2080–2100 range, and conservative short positions can consider trying to enter within this range.
If during the nighttime small-timeframe pullback, the price falls below 2000 again, this round of small-timeframe rebound will be over, and the market will return to consolidation. The rebound momentum will be insufficient. At that time, watch the bottom support at the sideways trading zone at 1960; a break below could lead to a decline toward 1910–1870.
ETH1,38%
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