The Ethereum price during the midnight session shows a typical pattern of oscillation and accumulation, with the market repeatedly tugging around the 2000 level. In the early part of the session, the bulls temporarily gained momentum and pushed the price up quickly to a high near 2050, but the upward momentum was insufficient, and the bears quickly suppressed the rally, causing the price to oscillate and fall back. Subsequently, the market entered a bottoming process, with the price dipping to a low of 1988 during multiple retests. Buying interest clearly emerged in the lower region, weakening the bearish momentum, and the price gradually stabilized and rebounded. Currently, it has regained the 2000 level and is trading above it. Overall, the overnight movement completed a full cycle of rising resistance—retracement and bottoming—stabilization and recovery, with the short-term structure stabilizing after a liquidity sweep, laying a foundation for future directional choices.

From the current chart pattern, the 1970-1990 range has formed a short-term key support level. This point not only confirms the recent low during the overnight retest but also resonates with the lower boundary of the previous consolidation box, providing clear support significance. After stabilizing in this area, the short-term trend shows a pattern of gradually rising lows, with each rebound high surpassing the previous resistance, forming an upward shift in the oscillation center. Currently, the four-hour chart has stabilized above the previous downtrend line, with candles gradually moving higher and volume gently increasing below, indicating active buying interest. From a technical perspective, after completing a bottoming process, the market is building a small-term bottom structure. If it can continue to hold above the 2000 level, it may test the 2050 resistance area upward. Overall, the current structure leans bullish, and it is recommended to focus on buying on dips. #原油价格回落 $BTC