In the early morning phase, Ethereum's overall volatility was not very large, with the market fluctuating back and forth within the 2050–2080 range. It briefly surged above 2080 during the session, but resistance above was quite evident. After the spike, it gradually retreated, and the market entered a phase of oscillation and correction. As time progressed, the market's center of gravity slowly shifted downward, with multiple attempts to rebound around 2050–2060 that failed to establish a sustained move. Short-term buying momentum weakened, and the price gradually retreated downward. After the morning, Ethereum continued its decline, with the lowest touch near 2030. Overall, it showed a technical correction pattern after a rally, with short-term volatility converging, and the market entering a new phase of directional choice.

From the trend of the chart, the current pullback is more of a phase correction within an upward process. After completing a rally structure on the four-hour chart, the market is now retracing to near the previous dense trading zone. The 2030–2020 area forms a clear support zone, which is also close to the lower Bollinger band, providing some support for buying. In the short cycle, after continuous declines, momentum is gradually releasing, and the RSI indicator has entered a relatively low zone, indicating a potential technical rebound. On the one-hour chart, support has formed after multiple tests around 2030. As long as this level is not effectively broken, there is still room for the market to recover upward. Short-term resistance above is around 2050, with further resistance at 2065–2075. Once the price stabilizes above 2050, bullish momentum is expected to gradually recover.

The short-term strategy focuses on buying at low levels, paying attention to support around 2015–2020, and monitoring the 2065–2075 region.