Ethereum currently shows a combination of L3 and S signals, while still maintaining an L signal in the smart chart.

Currently, Ethereum has been consolidating around $1800 since yesterday, clearly observing the direction of Bitcoin.

Overall, Ethereum still has ample room for upward movement. Although it will take time, it continues to strive to return to the $2000 mark.

However, the recent high point around $1838 has already faced resistance twice. To smoothly enter the $2000 price range, a strong breakout at this position is necessary.

If Bitcoin experiences a slight pullback, Ethereum's first support level is expected to be at $1738. If it breaks below, we may see the second support level at $1693. However, at this point, it is more likely to see a rebound after touching the first support level, with a relatively low chance of falling to the second support.