Yesterday, Ethereum pulled back to the 2100 level in the early morning and quickly stabilized. Multiple holders demonstrated a clear defensive intention at this position, followed by a V-shaped rebound structure. The price has re-established itself above 2130 and is currently trading around 2150.

From a chart perspective, after the support at the 2100 level was confirmed to be effective, K-lines have been continuously printing solid bullish candles. Short-period moving averages have turned upward forming a golden cross, indicating that bullish momentum is gradually strengthening. On the hourly level, price is steadily rising relying on the MA5, with pullback lows moving up from 2115 to 2130, displaying a typical upward oscillation rhythm. The MACD fast and slow lines have formed a golden cross below the zero axis and continued to expand in volume, with bullish energy bars maintaining growth, indicating that rebound momentum has not yet exhausted.

Short-term resistance above needs to focus on the 2170-2180 region. If the price can break through this region on volume, rebound space will further open up. Support below has moved up to the 2130-2115 level. As long as this area does not break, the short-term strong structure remains unchanged. Operationally, it is more prudent to primarily buy on pullbacks. The current chart does not warrant gambling for a top too early. #Gate正式接入Polymarket $BTC