$ETH The hardest resistance on the current chart is concentrated in the 2158-2198 range. Prices at 2158.19 and 2171.15 have been tested 12 and 13 times respectively, with each touch followed by swift pullbacks, forming a stubborn multiple top structure.

The most recent test occurred intraday, with price reaching a high of 2197.98 but failing to hold, once again confirming heavy selling pressure in this zone.

This is not only psychological resistance from round numbers (2150, 2180), but a deeper cause stems from long-term moving average pressure above: the daily MA200 is as high as 3115, and the weekly MA20 sits at 2593. These long-term declining moving averages act like a ceiling, making any rebound appear weak.

Near 2198, a daily-level double top pattern has also formed, with the neckline around 2100.

Operationally, before seeing a notable volume spike (volume ratio >1.5) with a bullish candle body that breaks above 2171, this zone should be viewed as an excellent position for profit-taking and reducing holdings or for testing short positions on pullbacks with small lots.

If the price approaches the 2170-2180 zone again on decreasing volume and forms a stagnation candle (long upper wick), the probability of a failed breakout is extremely high. A small short position can be taken aiming for a pullback to the 2140-2120 support zone.