Since reaching the high of 2199, ETH has pulled back and is now in a phase of corrective adjustment. Multiple rebounds after the high have failed to break through the previous high, causing the price center of gravity to gradually shift downward. The short-term trend is relatively weak. Currently, the price is consolidating in the 2050–2080 range, and the market is in a technical correction phase after an upward move.

From a short-term perspective, around 2050 has become the current dividing line between bulls and bears. If the price can stabilize above 2100 again, there is a chance for a technical rebound; if 2050 is broken again, it may continue to test the support area near 2000.
The overall rhythm remains in a consolidation and correction phase. Until the price re-establishes above the key resistance, the trend has not yet turned bullish again.

BOLL: Upper band around 2146, Middle band around 2096, Lower band around 2045
The Bollinger Bands are starting to tighten, with the price moving around the middle band, indicating the market is entering a consolidation phase. If the rebound faces resistance again in the 2100–2120 range, it still belongs to a weak rebound structure.

MACD:
Operating near the zero line, with the momentum histogram continuously shrinking, DIF and DEA are close to each other. This indicates that the current market momentum is insufficient, and the trend is in a consolidation and correction stage, with no clear directional trend yet.

Key Resistance Levels:
2100 — Short-term rebound resistance
2140–2150 — Previous dense trading zone for rebounds
2199 — Stage top resistance

Key Support Levels:
2050 — Current short-term defense level
2000 — Psychological support level
1980 — Previous structural support zone
1900 — Medium-term strong support area

Summary and Analysis:
The current market is still in a correction and adjustment phase. Before re-establishing above the 2100–2140 range, it is premature to expect a trend reversal. Trading should focus on defending rebounds; if support holds, consider low-position buying, and pay attention to position control.