The early morning dip in Ethereum was an effective test of the bullish trend. After touching the $2050 level, the price quickly stabilized and rebounded, regaining the $2070 level, confirming strong buying support below. This "dip—stop—rebound" process is often seen as a necessary shakeout in a bullish trend. By quickly clearing out weak positions, the market is poised to move forward with less resistance and initiate a new upward push.

From a microstructure perspective, the current rebound is very critical. On an hourly basis, as long as the price can stay above $2070, the early morning low can be defined as a successful support test. This not only restores short-term momentum indicators but also creates conditions for subsequent technical buying. As long as the support zone is not broken, the market’s oscillating upward structure remains intact.
Since the market has already validated the strength of the $2050 support, the short-term strategy should continue to maintain a bullish outlook. As long as the price does not fall below $2050 again in the early morning, traders can rely on this support zone to set up long positions, with a clear stop-loss, targeting the $2100–$2150 area above. #GateforAI重磅上线 $ETH