Technical Analysis: 6:25

From the 4-hour timeframe, the current price is testing the upper boundary of the range from the bottom side:

· Key Resistance (watch for the ability to break through):
· First Resistance: 2233-2255 zone (current pressure level). In the past 24 hours, the price has tested this area multiple times. If it cannot hold steady, the short term will face a pullback (downward)
· Strong Resistance Zone: 2350-2400. This is the line between the bulls and bears that determines whether ETH can break out of its bottom-side consolidation and start a medium-term rebound.
· Key Support
· First Support: 2150-2152
· Core Support: 2000-2020 zone.

Short-term Trading Strategy
Aggressive: take a light long position at the 2188-2172 support
Or, in a more conservative approach, wait for the price to pull back to around 2150, and when you see a sell-off coming to a stop (bottoming) signal, then enter a long
Summary

The current uptrend in Ethereum is a sentiment rebound driven by news, not a trend reversal. The early morning 6:15 market action shows that the bulls’ strength has temporarily weakened. The price will most likely need to pull back to test the support strength in the 2150-2173 area, and you should not blindly chase higher prices.