Ernie's Thinking

Currently, the consolidation range has broken downward, turning into strong resistance in 2021.
Only if it can return to the 2021 range can there be a chance to stop the decline and rebound towards 2074;
Otherwise, a further drop below 1966 could lead directly to 1925.

Trading Suggestions:

• A volume breakout above 1997 can be considered a long entry on the right side, with a stop-loss if it pulls back;

• A volume breakdown below 1975 can be considered a short entry on the right side, with a strict stop-loss.

If the pullback to the 1927 support is confirmed to be effective, consider going long; if it breaks below 1886, exit with a stop-loss.
A buy limit order at 1908 can be placed on the left side; if it drops below 1862, stop-loss.

If it stabilizes above 1997 on the hourly chart, look for 2032–2074 above;
Reaching 2074 can be a reversal to short, with a stop-loss if it breaks above 2113.

On the 4-hour chart, a break below 1963 indicates a target of 1918–1867 below.

Upper resistance: 1997–2032–2074
Lower support: 1974–1930–1887$ETH