In the early morning, Ethereum tested the 2120 level three times without breaking through, establishing a solid "triple bottom" support structure and then stabilizing with a rebound. The price has currently recovered to around 2160, and the bullish outlook from early morning has been successfully realized. From the 4-hour structure perspective, the 2100 level has been repeatedly consolidated, with each downside test quickly recovered, indicating clear buying interest at this position and laying a solid foundation for the rebound.

The short-term moving average system is beginning to turn upward, with MA5 and MA10 about to form a golden cross. The K-line has stabilized above the short-term moving average, providing technical support for the rebound. The MACD bearish momentum histogram continues to converge, with fast and slow lines coalescing below the zero axis, showing a tendency to form a golden cross, indicating the exhaustion of downside momentum and bulls building up strength; RSI has recovered from the oversold zone to around 45, still with upward correction potential. 2160, as the lower edge of the previous minor platform, has turned into short-term support after being broken.

Long positions deployed relying on the 2120 support from early morning can continue to be held. If short-term pullbacks in the 2140-2150 zone do not break, it remains an opportunity to add longs in line with the trend, with the stop-loss level moved up below 2130. Focus first on 2180 above, then on the 2200-2220 range upon breakthrough; if unable to stabilize at 2200 for an extended period, pay attention to oscillation and accumulation after the spike higher. The early morning bottom-exploration and rebound structure is beginning to show, with short-term longs following the trend accordingly. #Gate正式接入Polymarket $BTC