Starting from early morning, Ethereum's overall price action has exhibited a oscillating upward trend. After consolidating in a narrow range around 2080, the price gradually rose. Subsequently, the market continued its upward momentum, moving slowly along the moving average structure. During the early morning phase, there was a clear surge, with prices consecutively breaking through short-term resistance levels at 2140 and 2160, accelerating the upward movement and quickly testing the 2200 level, reaching an intraday high near 2202 and forming a local peak. After the surge, the upward momentum slowed somewhat, with prices pulling back slightly from the highs and entering a consolidation range between 2170 and 2185. Overall, from early morning to the present, the market has shown a pattern of rising followed by high-level consolidation, with relatively limited retracement. The market's center of gravity has clearly shifted upward, and the overall trend remains relatively strong. The real-time long positions on Bitcoin and Ethereum laid out around midnight, based on the short-term low-buy strategy, were successfully secured. This week's profit journey began with gains.

From the current chart perspective, Ethereum has recently been moving within an oscillating upward channel. After breaking through the previous consolidation zone, the trend gradually strengthened. Currently, the price faces a phase resistance near 2200, which is an important short-term resistance area, indicating a need for some consolidation in the short term. However, from a trend structure standpoint, the price remains above the short- and medium-term moving average system, with the moving averages maintaining an upward divergence, indicating that the overall trend continues to be bullish. Regarding indicators, the RSI, after pulling back within the strong zone, has turned upward again, suggesting that the upward momentum has not significantly weakened. As long as the price stays above 2170, the current consolidation is more likely a technical correction within an uptrend. Once the price effectively breaks through the 2200 level, further upside potential is expected to open up. Considering the overall structure, the current trend remains biased toward bullishness, and the trading strategy should favor long positions.