Ether's price has stabilized and rebounded from the low near 2010, breaking through the previous consolidation range and solidly holding above the Bollinger Band midline at 2050. The bullish trend is clear, and it is challenging the upper band resistance. Near the midline at 2050, it has transformed from a resistance level to strong support. If price retraces to this level without breaking below, the rebound trend will continue. Currently, price is clinging to the upper band resistance, forming dual pressure with the recent high at 2140.

This is mainly due to BTC and ETH's broad-based rally, driven by warming expectations of Fed rate cuts, a weaker US dollar, and the launch of BlackRock's ETH ETF attracting continued institutional capital inflows. The easing of Middle East tensions and rising market risk appetite have led to a comprehensive recovery in crypto sentiment. Technical breakouts of key resistance levels confirm a clear bullish trend with strong momentum in the short term. However, approaching previous highs with substantial profit-taking, caution is advised against blindly chasing higher prices; pullbacks and buying on dips are a more prudent approach.

**Suggestion: Long near 2090 targeting 2150. If broken, watch for 2200.**