After a 10% surge in two weeks, ETH has pulled back. Is $2800 the next stop or a bear trap? In the past two weeks, ETH has surged from $1970 to $2385, a gain of over 20%. However, the rally was short-lived, with three consecutive days of decline after the peak, and it is currently fluctuating around $2160. The divergence between bulls and bears is intensifying, and the market is at a crossroads. Let's look at the hard data first, don't trade based on feelings. Current Market Snapshot: Current Price: $2,161 24h Change: +1.53% 24h High: $2,168 24h Low: $2,115 24h On-Chain Volume (DEX): $147 million Total Market Cap: $260.8 billion Circulating Supply: Approximately 120.7 million Average Buy Price for Binance Users: $2,987 Average Sell Price for Binance Users: $2,588 Technical Analysis: From the daily chart, ETH has recently formed a textbook symmetrical triangle. Last week, the price broke through the upper resistance line of 2100 and simultaneously rose above the 20-day and 50-day moving averages. Based on the symmetrical triangle pattern, the theoretical upside target is around $2,850, which coincides with the 200-day moving average. In terms of short-term support, $2,100 is a strong support level that has been repeatedly tested recently; a break below this level would invalidate the pattern. Further down, the $2,000 psychological level is a critical line for the bulls—on-chain data shows that a break below $2,000 would trigger a liquidation of over $2.5 billion in long positions. Therefore, anything below $2,000 is absolutely untouchable. Key Price Levels Summary: Strong Support: $2,100 (Recently tested and proven effective) Lifeline: $2,000 (Break below triggers large-scale liquidation) First Resistance: $2,500 (100-day moving average) Target: $2,800-$2,850 (Symmetrical triangle target + 200-day moving average + dense cost zone) My View: ETH is currently at a very crucial position. A short-term pullback is healthy—it surged 20% from 1970 to 2385 in one go; a pause would be surprising. However, the quality of the pullback is important: as long as 2100 holds, the bullish structure remains intact. Strategically, I favor buying on pullbacks, with 2100-2150 being a good range for adding to positions. Place a stop-loss below 2000. The initial upside target is 2500, with a further target of 2800 if that breaks through. Of course, the crypto market always requires preparation for black swan events. Position management is more important than directional judgment. What are your thoughts on ETH's future price movement? Will it reach 2800? Or will it first retrace to 2000? Let's discuss in the comments section 👇 The above content represents only personal opinions and does not constitute investment advice. Trading involves risk; please invest with caution.