Ethereum sharply retested the 2050 support this morning and quickly rebounded. As long as it does not effectively break below the 2050–2000 key support levels, the rebound structure remains valid.

Initial resistance on the upside is at 2150–2200. If a strong breakthrough occurs, it could further rise to 2300–2380.

If a small-scale retest breaks below 2000, there is a possibility of a double bottom or a pin bar retest, with strong support below at 1800–1750.
Once a pin bar stabilization opportunity appears, it is still a good time to set up long positions in spot trading. $ETH