Ethereum's price action in the early morning showed a decline followed by a rise. After touching the 2100 level low point, the price found support and stabilized, halting the downtrend. Subsequently, bulls began to exert strength, pushing the coin price to rebound with volatility. As of now, the price has recovered and is trading above 2150, temporarily escaping the short-term weak pattern.

From a technical perspective, the 4-hour level formed a long lower shadow at the 2100 level, creating a double bottom formation with the earlier low point, which is a classic bullish reversal signal. Meanwhile, volume expanded moderately during the rebound phase, while volume contracted during the decline, indicating weakening bearish momentum and bulls gradually taking control of the market. Currently, the price has stabilized above the 2150 short-term support level, with the next target testing the 2160-2180 resistance zone.

In terms of trading, the 2150 short position mentioned in the early morning should remain on watch without rushing to enter. If the price can continue to stabilize above 2150, consider adding longs on short-term pullbacks, targeting the 2160-2180 zone; if it fails to break through 2160 for an extended period, it may turn into a range-bound pattern, awaiting further directional confirmation. #Gate13周年全球庆典 $ETH