This early morning Ethereum dip is an effective test of the bullish trend. After touching the $2050 level, the price quickly stopped falling and rebounded, regaining the $2070 level, confirming strong buying support below. This "dip—stop—rebound" process is often seen as a necessary shakeout in a bullish trend. By quickly clearing out weak positions, the market is likely to move forward with a lighter load and initiate a new round of upward attack.

From a microstructure perspective, the current rebound is very critical. On the hourly chart, as long as the price can stay above $2070, the early morning low can be defined as a successful support test. This not only restores short-term momentum indicators but also creates conditions for subsequent technical buying entries. As long as the support area is not broken, the market’s oscillating upward structure remains intact.

Since the market has already validated the strength of the $2050 support, the short-term strategy should continue to maintain a bullish outlook. As long as the early morning price does not fall below $2050 again, traders can rely on this support zone to establish long positions, with a clear stop-loss, targeting the $2100–$2150 area above. #GateforAI重磅上线 $ETH