Ethereum Major Level Switch Analysis:



The current 1H structure has shifted from:
Single-sided rally → Transitioned to high-level sideways consolidation
Key details:
From 2020 → 2147 a sharp straight-up move
Followed by sideways trading in the 2120~2145 range
Features:
Upper shadow
Consecutive small-bodied candles
Structural assessment: Main rally ended → Entering divergence (bull-bear battle zone)

Support and Resistance Levels:
Support levels:
2120 (short-term support)
2100 (key support)
2080 (strong support/bullish defense line)
Resistance levels:
2145~2150 (current resistance)
2160 (previous high zone)
Overall judgment:
Current state:
Trend: Bullish (not broken)
Structure: High-level consolidation
Pace: Preparing for a pullback
Core message: The rally isn’t over, but a short-term shakeout is coming

Final summary:
Ethereum is currently: High-level sideways consolidation waiting for a pullback, a shakeout first before deciding the next move#ETH
ETH1,37%
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