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The Ethereum market trend until now has been a pattern of initial probing and testing resistance, followed by a pullback and consolidation. The price has gradually risen from around 2170, continuously testing the upper space amid fluctuations, but encountered clear resistance near 2217, failing to break through effectively. A rapid decline then occurred, bringing the price down to around 2185. Although the support below has temporarily held, preventing further decline, the rebound has been relatively weak. After multiple attempts to rise above 2200, the upward momentum lacked sustainability. Overall, the market remains in a high-range tug-of-war, with a structure more inclined toward consolidation after resistance rather than a strong continuation upward.
From the current market structure, the four-hour chart shows a clear resistance zone above 2215, with multiple failed tests indicating heavy selling pressure overhead. The one-hour chart reflects weakening rebound momentum, with highs gradually shifting lower. The 2220-2250 region has become the main resistance zone. Meanwhile, although the 2200 level has been touched multiple times, it has not stabilized effectively. The market is likely to retest support around 2150-2170. From a trading perspective, it is more suitable to follow the weaker structure and participate in short positions.