The current market is in a "resistance above, support below" squeeze pattern, with a slight short-term weakness but the medium-term structure remains intact.

Bullish perspective: Focus on the support performance in the 2,137-2,140 zone. If the price pulls back to this area and shows a bottoming signal (such as a long lower shadow or a small bullish candle), it presents a good opportunity to buy on dips, with targets around 2,180-2,190.

Bearish perspective: If the price effectively breaks below 2,137 accompanied by increased trading volume, the short-term trend will turn bearish, with potential to decline toward around 2,100.

Trading suggestions: Currently, it is not advisable to chase the highs. Conservative traders can wait for the price to pull back and confirm support at the midline before entering; aggressive traders may take light short positions in the 2,150-2,160 range, with a stop loss above 2,175, aiming for a reversion to the mean.

Overall, ETH is at a critical point of accumulation. Whether 2,137 holds or breaks will be the most important indicator to watch over the next 24-48 hours.