Today$ETH Market Analysis

After surging close to the 2150 level, a technical correction occurred, with a brief dip to around 1970 in the evening. Currently, it is consolidating around 2040.
II. Key Support and Resistance
Strong Resistance: 2080 → 2120 → 2150
Strong Support: 2000 → 1980 → 1950
Bull and Bear Strategies
1. Long Position Entry: Stabilize at 1980-1990 and go long
Stop Loss: Below 1970
Target: 2060 → 2080
Logic: Fibonacci support at 1970 is effective; avoid chasing highs
2. Short Position Entry: 2100–2120, test short positions under pressure, reduce position size
Stop Loss: Above 2155, targets: 2080 → 2060
Logic: Previous dense trading zone with heavy trapped orders; rebound faces resistance and is prone to decline
Macro Positive News: Bitcoin ETF has recorded net capital inflows for two consecutive days, with institutional funds beginning to flow back slightly, providing bottom support for the market.

Technical Analysis: The Fibonacci levels for this rebound are critical. The 0.618 level corresponds to 2015, and the 0.5 midpoint corresponds to 1970. This range is the core support zone for this rebound and a key defensive area for the bulls. Although yesterday’s correction touched around 1970, it did not break below, indicating strong support below.