The weekly trend of Ethereum is not very ideal, and the breakout levels are quite evident.

Before effectively holding above 2380 on the daily line, do not blindly chase for long positions; the current rise is more of a small-scale rebound.

The key support level on the daily line is at 2215. As long as the price does not fall below this level, the rebound still has the potential to continue, with upper resistance levels at 2310 and 2380.

However, if there is a close below 2215 at a smaller time frame, it is advisable to abandon long positions, as the market may continue to explore lower levels, with support levels to watch at 2165 and 2115.$ETH