ETH experienced a sharp reversal and V-shaped rebound from the 2023 level, currently holding steady above 2150, showing an intense battle between bulls and bears.

Currently, key Ethereum is at a critical decision point. Whether 2190 can be effectively broken through in the short term is the core of the direction, while 2100 is the short-term defensive bottom line. Before effectively breaking through the range, the market is likely to maintain oscillation.

If it falls back to the 2000-2030 area, this V-shaped reversal pattern will fail, potentially triggering an accelerated decline to the 1000 level.