Ethereum's weekly chart shows a quite interesting structural game. The big bullish candle launched from the 2100 level shot straight up to the high of 4950. But on the other hand, the lowest point reached 1300. These two extreme points are quite significant—around 2000 and 1000 are both typical trap levels for false breakouts.

The previous low was at 2600, just 500 points away from 2100. What does this mean? When the price returns to this key level of 2100, it effectively stands at the watershed of the bulls and bears.

Currently, there are two camps in the market. One believes a deep bear market is coming, with a direct break through the 2000 support line. The other expects a strong rebound. My personal judgment is that the downward force from the high levels will be quite fierce, possibly breaking below 2000 directly. But those are just future considerations.

My current position is neutral, waiting for clearer signals. The trends of Bitcoin and Ethereum remain worth continuous attention.