Midnight Ethereum completed its bottom exploration near 2102 and then launched a continuous rebound. Morning bullish sentiment warmed up, with the market showing continued upside volatility and experiencing a sharp rally in the latter half of the night, touching a high of 2168. Subsequently, the price entered a consolidation phase at elevated levels. Although there were multiple attempts to probe higher during consolidation, selling pressure gradually emerged. Above 2160, the upside momentum began to weaken. Currently, the market has pulled back to around 2153. Overall, this rally is more of a technical correction following the previous downside exploration. The high failed to break through with increased volume, and the short-term momentum has begun to shift from strong to weak.

From the current chart structure, the 1-hour timeframe shows signs of high-level stagnation after the spike higher, with the Bollinger Band upper rail gradually flattening out. The price has moved back to near the mid-band, indicating that short-term bullish momentum is weakening. Although the 4-hour cycle is still within a rebound structure, the 2165-2170 area faces continuous resistance and has failed to form an effective breakthrough. Volume at the high has not continued to expand; instead, certain divergence signals have appeared. Currently, the 2150 level below serves as the short-term dividing line. Once broken, the pullback continuation will likely extend downward. Therefore, the subsequent trading strategy is clear: focus on shorting on highs and watching for downside space to be released.#BTC突破71000美元 $ETH