From midnight to now, Ethereum has remained within a narrow range around 2050, with the lowest dip near 2042 during the session quickly recovered. Although there was a brief upward attempt reaching above 2060, the momentum was clearly insufficient, and it quickly returned to the 2050 area for repeated oscillation. The entire overnight to early morning trading range was basically locked between 2048 and 2056, with no significant volume surge on either side. The market pace was relatively stable, with both bulls and bears testing each other, resulting in choppy movements but limited actual space. Currently, the market still exhibits a typical sideways consolidation pattern.

From a short-term structure perspective, the 1-hour timeframe remains in a consolidation phase following an earlier rally, with resistance around 2080 still present. The price has yet to firmly establish above 2060, indicating that selling pressure above has not been fully released. The key support remains at 2030; if this level is broken, there is a possibility of further decline toward 2015 or even 2000. Considering the ongoing contraction of trading volume, the current strategy is to operate within the oscillation range for short-term positioning. #Gate广场四月发帖挑战 $ETH