Ethereum - Weak Too - Weak Too. Since the continuous crash in January, the overall market has been maintaining a bottom-range weak consolidation, recently fluctuating around 2000.

For Ethereum, many friends, deep love and intense hatred coexist, ultimately avoiding it because Ethereum's volatility can be damaging. There are still many trapped positions in the 2400-3000 range during this bull-bear transition.

Currently, the weekly chart is around 2000, with an upside target of 2500 and a downside target of 1500. There is about 500 points of space on both sides, and more precisely, the probability for both sides is roughly 50%.

Many believe that the probability of dropping to 1500 is still high, especially since in early April 2025, it once tested the 1384 level. But I don't think so. Last year’s decline was mainly due to tariff-related risk aversion, but this year it’s due to geopolitical tensions. Both factors are similar in risk, but currently, Ethereum’s trend is following Bitcoin with some resilience against declines.

The first step for Ethereum is to hold steady above the 2000 level, even if it recently surged to around 2200. The support below is not very solid, and there are many influencing factors.

Secondly, the last defense point is at 1800. After multiple tests here, if it stabilizes, there is still hope for a rebound to 2300-2500, especially since many trapped investors are still holding. $ETH