Ethereum morning outlook: after a strong rally, wait for a pullback confirmation.

Overnight, Ethereum moved in sync with Bitcoin, showing a strong upward trend, with the price reaching as high as the 2200 level. The short-term momentum has clearly strengthened. On the four-hour chart, higher highs and higher lows continue to form, with resistance levels gradually being broken, indicating that the bulls are in control.

However, it is important to note that signs of stagnation have appeared around the 2200 mark, and after a continuous surge, the momentum has slowed down. Entering a long position at this point is not very cost-effective; it’s better to wait for a pullback confirmation.

Today, focus on the 2100 round support level.
If the price pulls back to around 2100 and stabilizes, consider going long with the trend, targeting the 2200-2250 range.

If 2100 is effectively broken downward, it indicates a weakening short-term structure. Stay on the sidelines for now and wait for new stabilization signals before making further moves.