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Early morning Ethereum trend and live prediction are completely consistent: after testing the 2035 level to confirm support, the price rebounded as expected, rising to the 2100 level before stopping, then faced selling pressure and pulled back. The current price remains around 2128. This wave of rally has fulfilled the short-term bullish idea, but the exhaustion signals after reaching the high need to be taken seriously.
From a technical perspective, the rebound this time failed to break through the 2100 level effectively and instead quickly retreated. On the 4-hour chart, a potential head and shoulders top pattern has formed— with the 2100 level acting as a clear neckline resistance. If multiple tests fail to break above it, technical selling pressure will intensify. Currently, the MACD bullish momentum histogram is starting to shrink, and the fast and slow lines show signs of a death cross at high levels. Additionally, the RSI indicator has turned downward from the overbought zone, indicating weakening upward momentum. Short-term support below is around 2080; if this level is broken, the price is likely to seek support at the previous low of 2035.
Trading advice is to mainly focus on short positions: intra-day, consider shorting in batches around 2110-2120, using the early morning high of 2140 as a stop-loss. The first target is 2080; if broken, hold for a move toward 2035. Until the price can stabilize above 2100, the short-term strategy should shift from oscillating bullish to trending short positions. #加密市场上涨 $ETH