Ethereum market continues to weaken today, with prices remaining in a low-range oscillation. According to Gate market data, as of press time, ETH is trading at $2,264.15, down 3.44% in the past 24 hours, with a daily low of $2,109. Although there was a "V" shaped rebound in the early morning, the overall structure remains weak.

From a technical analysis perspective, the market is still dominated by sellers. On the 4-hour chart, the price continues to stay below the key dynamic resistance, with the Average Directional Index (ADX) reaching as high as 64, indicating that the current bearish momentum is very strong. Currently, $2,100 is a critical swing low support. If this level is broken, the downside risk will increase, with the next major target zone looking at the psychological levels of $2,000 to $2,050. Short-term rebound attempts need to first break through the resistance around $2,450.