Ethereum (ETH/USDT) encountered a profit-taking correction late at night, with short-term bullish momentum exhausted and price breaking below key support levels, with the trend shifting from strong to weak.

The market is experiencing a healthy "retest confirmation."
Current conditions are not a breakout point for one-sided movement, but rather a volatile consolidation market for high selling and low buying.
Trend Analysis: Medium-term bullish, short-term consolidation. As long as there is no effective break below 2,114, the rebound logic remains intact.
$ETH

Late-night traders chasing highs have been trapped, with market sentiment rapidly shifting from bullish to bearish. The previous "strong breakout" has been confirmed as a "false breakout" or "bull trap" behavior, with the main forces completing distribution at high levels.

Support Levels: 2,114 (4-hour Bollinger midline) is the lifeline. If it stabilizes at this level (such as with a long lower shadow or small bullish candle), it represents an excellent second entry point. Stronger support is at 2,080.

Resistance Levels: 2,170 (evening high) and 2,197 (previous high). Without a volume-driven breakout in this zone, consolidation will continue.