ETH surged to 2416 then sharply pulled back, are the major players already starting to withdraw? Today's direction is very critical.

1. Daily Chart Level (Trend Essence)

From the daily chart structure, ETH remains in an overall rebound trend, but has entered a clear “high-level game phase.” Previously, it was pushed up from a low point to around 2416, forming a stage high point before pulling back.

Key signals:

The high point at 2416 shows a clear surge followed by a pullback (upward pressure) Current price has fallen back to around 2330, entering the previous high-volume trading zone The daily chart has not broken the upward structure, but momentum has significantly weakened

Conclusion: The trend is still there, but it has shifted from an “upward phase” to a “oscillation divergence phase.” No longer suitable for blindly chasing longs.

2. 4-Hour Level (Structural Change)

The 4-hour is the most critical cycle right now, directly determining today’s rhythm.

Structure breakdown:

A strong rally wave (2180 → 2416) Followed by a rapid decline (profit-taking by bulls) Currently entering consolidation and correction

Key changes: 👉 The high point begins to lower 👉 The upward rhythm is interrupted

Key levels:

Support: 2300 Strong support: 2280 Resistance: 2350-2380

Conclusion: The 4-hour has shifted from strong upward momentum to a sideways, weaker trend.

3. 1-Hour Level (Short-term Rhythm)

The 1-hour structure is very typical:

Surge → Sharp decline → Sideways → Weak rebound Rebound has not broken previous highs

Explanation: 👉 Bulls lack sustainability 👉 Bears continue to release pressure at high levels

Current rhythm:

Gets pushed down upon attempt to rise Support is temporarily holding below

Conclusion: Short-term has entered a “sideways, bearish bias” rhythm.

4. Core Mindset for Today

Today’s core message is: 👉 Don’t chase longs; prioritize waiting for rebounds to short.

The essence of the current market is: A correction after an upward move, not a new main rally.

5. Specific Trading Strategies

Strategy 1: Short on rebound (main strategy) Entry: 2350 First take profit (+1%): 2326 Second take profit (+2%): 2303 Stop loss (-1.5%): 2385

Logic:

Resistance zone above High point lowering confirms structure

Strategy 2: Long on pullback (auxiliary strategy) Entry: 2280 First take profit (+1%): 2303 Second take profit (+2%): 2326 Stop loss (-1.5%): 2246

Logic:

Buy the rebound in the strong support zone Prevent range-bound churning

6. Key Levels for Today

2330 is today’s critical dividing line

Hold above → Maintain sideways Break below → Directly test 2300 or even 2280

7. Final Trading Core Message

ETH’s biggest danger now is not a decline, but “making you think it will continue to rise.”