In the early morning hours, Ethereum price action was trading around the 2100 level, initially maintaining high-level consolidation, but as buying support gradually weakened, volume increased on the downside within consolidation, causing price to quickly break through the key 2080 support level, triggering stop-loss on long positions and concentrated short-selling, accelerating the downtrend to around 2030 forming a phase low point. Throughout the early morning to morning session, our approach remained consistent—continuously positioning shorts around high-level bounces, participating in the downtrend with the momentum, and real account profits performed ideally. Subsequently, price action entered a recovery phase, retracing to the 2050-2060 zone, but with limited rebound strength and multiple failed attempts to push higher, unable to reclaim above 2080, with the morning maintaining oscillation between 2040-2060, the chart's center of gravity clearly shifted downward. To put it plainly, the market has already written the answer on the chart—either you follow the momentum and keep up with the rhythm, or you continue to miss out. The essential difference has never been about the market itself, but about execution.

Regarding the current chart from a 1-hour timeframe structure perspective, a shift from strength to weakness has essentially been completed, with the phase top basically established and lower highs forming continuously. Bounces are merely technical corrections following the decline and have not changed the overall bearish-dominated pattern. An obvious resistance zone has formed above, while support below shows weakening reception after repeated tests, and once it breaks again, price will further open the downside space, with the bearish structure still strengthening. The conclusion is very clear: subsequently continue focusing on short-selling, patiently wait for entry opportunities during bounces, momentum trading is the core strategy, strictly execute trading discipline, avoid blind bottom-fishing, and do not participate in long positions until a structural reversal appears. #Gate13周年全球庆典 $ETH