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Ethereum Major Level Break Analysis:
The core of this trend is summarized in one sentence: the downward structure has been strongly reclaimed + the bulls are actively attacking.
Key changes:
Starting from the 2020 low point, continuous bullish candles have driven the rally
Breaking through:
2050
2080
2100
Reaching a high of 2147
This is no longer a rebound; it’s a short-term trend shift from bearish to bullish.
Support and Resistance Levels:
Support levels:
2100 (First support)
2080 (Strong support)
2055 (Trend defense level)
Resistance levels:
2145~2150 (Current resistance)
2160~2180 (Previous high zone)
Overall assessment:
Current state:
Structure: Turning bullish
Rhythm: After the main upward wave begins → First wave of consolidation
Risk: Short-term overheating
Key takeaway: The bulls have just taken control, but a shakeout is needed before further gains.
Final summary:
Ethereum is not in a bear market anymore; it’s a bullish trend that will continue after a pullback opportunity.