Cut to the chase: This is the whales washing out weak hands right now! From the panic bottom at 1736 all the way up to 2209, they definitely need to shake out uncommitted chips along the way before they can go all-in for higher levels. Look at the on-chain data—the mega whales haven't left at all. Instead, they've been quietly accumulating in the 2080-2100 zone. This is classic "accumulation before the rally." Don't get spooked by short-term volatility!

From the daily chart perspective, Ethereum bounced from the 1736 bottom all the way to 2209, and it's now consolidating in the 2000-2100 range. The pattern has formed a W-bottom plus ascending flag formation, with a very solid base structure, indicating this pullback is just a correction within a bull market, not a trend reversal. The MACD energy indicator with DIF and DEA is making a push toward the 0 line. Once it breaks through, bullish momentum will completely explode. The Bollinger Band middle band has already turned up, with price holding above the midline, and downside space is completely sealed off. Multiple consecutive small green candles show the whales are quietly accumulating. As long as 2000 doesn't break, the subsequent rally will be even more explosive!

Looking at the 4-hour Ethereum chart, after retracing from 2209, it bounced around in the 1980-2020 zone and has now held the Bollinger Band midline. The EMA trend indicator moving averages are in bullish alignment, with longer-term averages flattening and turning up. The downtrend has ended, and bulls are taking control. MACD crossed above and is pointing up, showing the short-term pullback is just a rest during the rise, not a top. We can essentially confirm 1980-2020 as key support. As long as it holds, the northbound trend continues.

Below: Target 2050-2100 northbound, defend 2000, stop loss at 1980, target 2120-2200, breakout targeting mid-term 2420.

Above: If there's volume expansion and bearish divergence around 2180-2200, consider testing shorts, stop loss at 2220, target just 2120 and don't get greedy. The trend is still primarily northbound #Gate2月衍生品市场份额创新高