ETH has experienced a rapid reversal, bouncing back in a V-shape above 2150 from the 2023 position, and is currently stabilizing around 2150, presenting a pattern of intense long and short disputes.

Currently, the key Ethereum is at a critical decision point. The ability to effectively break through 2190 in the short term is the core of the direction, while 2100 serves as the short-term defensive bottom line. Before an effective breakthrough in the range, the market is likely to maintain fluctuations.

This could lead to a drop back to the 2000 - 2030 area. This round of V-shaped reversal pattern will fail, potentially triggering a rapid decline to the 1xxx level.