There is also a rebound demand for ETH in the short term, and it is in a head and shoulders bottom formation. Moreover, a bullish rectangle has been formed during a small degree pullback. The right shoulder has been completed, and as long as it does not break below 2100, the head and shoulders bottom formation is basically established. Once the formation is established, the high point will be at least near the previous high.

From a small degree perspective, a bullish rectangle has been formed. Currently, if it is weak, it may pull back to around 2130 and then start to accelerate the rebound. If it is strong, it may directly rebound upwards. Therefore, I plan to enter the market in batches at 2130-2100 to take long positions, temporarily aiming for a rebound market.