Ethereum is currently in a sideways and weak overall pattern:

From the 4-hour chart, the price has failed to break above the key 2000 USD level. Instead, it pulled back after reaching a high, indicating strong selling pressure in the 2000-2005 region. The current movement looks more like a digestion of previous gains, trapped within a "top above, bottom below" range-bound oscillation.

Short-term bulls and bears are fiercely contesting:
The 1-hour chart shows that after hitting a low of 1987, the price stopped falling, indicating support from buyers in the 1980-1990 zone. However, the rebound is very weak; the closing price (1998.27) is still below the opening price and has not broken through the hourly moving averages.

Key level analysis:

Resistance: 2005 - 2010. This is the immediate resistance zone. Without a volume breakout above this level, the price is likely to fall back and test lower support.

Support: 1987 - 1990. This is the recent low. If it breaks below 1987, further downside could open up, testing the lower boundary support on the 4-hour chart (around 1950).

Trading suggestions:

Wait and see: The market direction is currently unclear, approaching a potential reversal point. The 4-hour chart is near the middle Bollinger band, and the 1-hour chart shows consolidation around moving averages.

Watch for a breakout: If the price stabilizes above 2010, consider a light long position targeting previous highs; if it breaks below 1987, consider a short on rebounds, with the first target at 1950.

Ethereum is repeatedly testing the 2000 USD level. Bulls lack enough momentum to break through the resistance above, while bears are hesitant to push sharply lower. The market is at a sensitive balance point, waiting for new news or momentum to break the deadlock. #震荡行情交易策略