From the daily chart perspective, Ethereum shows a double-bottom pattern forming on the candlestick chart, about to complete a full W-shaped trend. However, it is currently suppressed by the MA120, as well as the key resistance levels of the downward channel and the 2000-point psychological barrier, which exert significant pressure. In the short term, if Ethereum ($ETH) cannot break and hold above 2000, it is still prone to a pullback after a surge. Therefore, before it breaks and stabilizes above 2000, it’s not recommended to chase the rally near 2000. #Ethereum #ETH