Enough talk—this is clearly the whales washing out weak hands right now! From the panic bottom at 1736, they've rallied all the way to 2209. Along the way, they definitely need to shake out uncommitted chips before launching higher with a lighter load. Look at the on-chain data—the megawhales haven't exited at all; instead, they're quietly accumulating in the 2080-2100 range. This is textbook "energy buildup before a rally." Don't let short-term volatility spook you!

From the daily chart, Ethereum has rebounded from the 1736 bottom all the way to 2209 and is now consolidating between 2000-2100. The pattern has already formed a W-bottom plus an ascending flag—the base structure is rock solid, confirming this pullback is just a correction within the bull market, not a trend reversal. The MACD energy indicator's DIF and DEA are pushing toward the 0 axis. Once they break through, bullish momentum will explode; the Bollinger Band middle band has already turned up and price is holding above it, so downside is completely locked off. Multiple consecutive days of small green candles show the whales are quietly accumulating—as long as 2000 holds, the subsequent rally will be that much more violent!

Looking at the 4-hour Ethereum: after retracing from 2209, it's been grinding support in the 1980-2020 range and has now stabilized above the Bollinger Band middle band. The EMA trend indicator shows a bullish alignment, with long-term averages flattening and turning up—the bearish trend has ended, bulls are in control. MACD is showing a bullish crossover, confirming the short-term dip is just a rest stop on the way up, not a top. We can essentially confirm 1980-2020 as key support—as long as it holds, the uptrend continues.

Bullish setup: 2050-2100 targeting north, defend 2000, stop loss 1980, targets 2120-2200, break that for mid-term target 2420.

If 2180-2200 shows volume expansion and divergence, consider a short test position there, stop loss 2220, target just 2120—don't be greedy. The trend remains bullish overall.