Ethereum as expected continued its weakness in the early morning, with prices pulling back under pressure from around 2180, hitting a low near 2120, with clear bearish momentum. Currently the price has rebounded to around 2135, but rebound strength is limited, with insufficient buying support, and bears firmly controlling the short-term market.

The 2100 level serves as the last defensive line for bulls recently and is now critically endangered. Looking at the hourly structure, the steady downtrend pattern remains unchanged, with declining rebound highs at each level, moving average system showing bearish divergence arrangement, MACD death cross operating with bearish momentum bars showing no significant shortening, indicating downward pressure continues to accumulate. Once 2100 is effectively broken, downside space will be further opened.

Currently the decline is only in the early stages of correction, with volume-price structure showing no stop-loss signals yet. After breaking 2100, the next target is directly aimed at the 2050 area. Operationally, continue the rebound-high shorting strategy, and avoid blindly buying the dip before any clear bottom structure emerges. #Gate13周年全球庆典 $ETH