Short-term Key Points (Possible Directions from Today to the Next 1-3 Days):

Bearish Factors Dominate
The past week has seen a cumulative decline of 12% - 13%, continuing the weak trend.
Failed to effectively hold above the $2,100-$2,140 resistance zone, repeatedly testing the psychological $2,000 level.
Bullish momentum is insufficient; some technical indicators show oversold conditions but rebound efforts are weak.
Overall market sentiment is cautious (Fear & Greed index in extreme fear zone), with Bitcoin also weakening and impacting ETH.
Support Levels
$1,995 - $2,000: The strongest short-term support, a dense area of recent lows. Losing this could accelerate downward movement.
$1,900 - $1,950: Secondary support; if broken, it may test $1,800 or even lower (some institutions/analysts mention the $1,700-$1,800 range).
Resistance Levels
$2,050 - $2,100: The first short-term resistance; a volume breakout is needed for a potential shift to strength.
$2,140 - $2,200: A stronger resistance zone, with higher difficulty to break through.
Today’s Possible Scenarios (Probability Ranking):
Most Likely (60-70%): Continued low-range oscillation between $1,950 - $2,050, or a slight dip to test the $2,000 support. Intraday rebound strength is limited and easily suppressed by bears.
Less Likely (20-30%): Short-term oversold rebound, attempting to regain above $2,100, but requires significant volume increase (e.g., large traders buying or positive news).
Unlikely (<10%): Volume breakout above $2,140 or a direct drop below $1,950, entering a new acceleration phase.
Overview of Influencing Factors:
Macro: Volatility in US stocks/risk assets and the US dollar index still suppress the crypto market.
On-Chain: Stablecoin trading volume hits new highs (indicating underlying usage growth), but this has not translated into price momentum.
Market Sentiment: Some large traders/institutions remain short-term bearish; after leveraged longs are liquidated, bears have the advantage.
News: No major positive or negative news currently; monitor any sudden developments related to Layer 2, AI integration, institutional holdings, etc.
One Sentence Summary:
Ethereum is likely to continue weak oscillation today, with the $2,000 support being a key observation point. Short-term, avoid blindly bottom-fishing or chasing shorts; wait for a clear direction (breakthrough above $2,100 or below $1,950) before making decisions.