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Ethereum Overall Structure Analysis
Currently on the 4-hour timeframe
The structure is very clear:
Uptrend ends → High-level consolidation → Volume breakout → Trend turns bearish
Price movement:
2010
↑
2385 (top)
↓
Consolidation (above 2300)
↓
A large bearish candle directly breaks through 2300 → near 2180
Support and Resistance Levels
Current price: 2178
Resistance above
First resistance: 2220 - 2230
Short-term rebound resistance
Second resistance: 2270, key retracement level
Strong resistance: 2300 - 2310
Trend watershed (very important)
Support below
First support: 2150, short-term support
Second support: 2100, key target level
Strong support: 2050
Comprehensive Analysis
Current Ethereum:
The 4-hour trend has turned bearish (key timeframe)
Market phase:
The first wave of decline has been completed → next is "rebound + secondary decline"
Final summary:
Ethereum on the 4-hour chart has confirmed a bearish reversal, and rebounds to the 2220-2250 zone still present shorting opportunities.