ETH is currently biased to the downside, mainly following BTC. After a rebound in the declining trend, it is expected to fall again. The most critical level today is 1930. As long as it cannot regain this level, the overall outlook remains weak. Resistance levels are at 1955 and 2030, with support levels at 1915 and 1885. If 1915 is broken again, it will continue to seek lower support levels. Only if the price closes above 1930 will the current weak momentum pause; further reclaiming 1955 could reopen the intraday space, similar to BTC.

The medium-term trend remains downward. Over the past few weeks, the weekly highs have been continuously declining, and key previous highs have not been reclaimed, indicating the weekly trend remains weak. Although there was a rebound last week, the close was still below the key high. In recent days, the daily chart has seen a rise and fall, with the rebound space clearly retraced. While the key support has not been completely broken, the momentum has weakened. Over the next 1-2 weeks, as long as the daily close remains below 67,500, the outlook should still be considered weak. Only if the price reclaims 67,500 and the weekly close returns above 70,000 could the medium-term trend shift from downward to sideways. Currently, it appears to be a rebound ending within a downtrend, not the start of a new medium-term rally. The medium-term outlook continues to be bearish.