This wave of short-term rebound in Ethereum has basically exhausted its momentum, and clear signs of resistance have appeared above. Previously, the price surged to around 2200 but faced resistance and fell back, with the market declining all the way down. The lowest point was around 2054 in the early morning before a slight rebound occurred. However, based on the current rebound strength, the momentum is clearly insufficient, and the bearish forces are gradually regaining control. There is still a possibility of further decline.

From the four-hour structure, the price has been continuously falling. Currently, it is temporarily supported near the middle band of the Bollinger, but overall indicators have started to weaken, and the rebound is more of a technical correction. Looking at the larger cycle structure, the market remains in a weak pattern, and the trend direction has not changed for now.

In terms of trading strategy, continue to prioritize short positions on rebounds.
Focus on potential short opportunities during rebounds around 2090-2110 today. The first target below is the 2000 level, with further targets in the 1900-1800 range.
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