Recently, the Ethereum (ETH) market has experienced a pullback, with the weekly Candlestick closing back at the average support level of $2150. Nevertheless, this key support level has not been breached, so from a broader trend perspective, the current decline can be seen as a normal adjustment within the long positions trend.

Currently, ETH has reached a phase support level, and the possibility of a direct and significant fall is relatively low. The market may need to stabilize at this position to form a new upward starting point, laying the foundation for the subsequent development of the market.

It is worth noting that the cryptocurrency market, especially altcoins, still has its inherent high volatility characteristics. Intense price fluctuations are one of the typical features of this market. Particularly during a decline, altcoins often experience strong rebounds, which provides opportunities for short-term traders while also increasing market uncertainty.

In terms of short-term trends, day traders can look for long positions around the 2225-2200 USD range. If a rebound occurs, potential upward targets could be several key levels such as 2280, 2315, and 2350 USD.

However, investors should remember that the cryptocurrency market carries high risks and is subject to significant price volatility. It is essential to conduct thorough research and risk assessment before making any investment decisions.