Midnight Ethereum market overall follows a trend of oscillatory correction. The price continued the previous downward inertia in the early hours, dipping to around 2055 to form a short-term low. Subsequently, supported by buying interest at the lower support level, it gradually stabilized and rebounded. The market oscillated upward and reached around 2099 in the morning, indicating some short-term bullish momentum. However, after the rally, selling pressure above gradually emerged, preventing an effective breakout. The market then entered a consolidation phase and remains in high-level oscillation. From the market rhythm perspective, the midnight trend is more of a technical correction after a decline. After a round of short-term battles at key support levels, the market has re-entered a consolidation and buildup phase.

From a technical standpoint, Ethereum's 1-hour chart is currently near the middle band of the Bollinger Bands. The moving average system is beginning to flatten, and short-term momentum is waning; the MACD fast and slow lines are close to the zero axis, with the momentum histogram shrinking, indicating that the market trend has not fully developed. Looking further at the 4-hour chart, the price failed to hold steady at high levels after the previous rally and is now oscillating around the middle band. The Bollinger Bands are narrowing, indicating the market is entering a phase of directional choice. Short-term key resistance levels are around 2100–2120; if these cannot be effectively broken, the rebound is likely to be suppressed. Key support levels below are around 2050; if broken, the price may test the 2000 level further. In summary, the current rebound momentum is limited, and the short-term trend is gradually weakening. The subsequent trading strategy is recommended to focus on short positions at high levels. #加密市场上涨 $ETH