Yesterday, ETH was fluctuating narrowly between 2310 and 2360, closing at 2348 in the early morning, with both upper and lower shadows, and bulls and bears still fighting.

On the daily chart, a hammer candlestick hit 2301 the day before yesterday and then rebounded for two consecutive days; there is indeed buying interest at the 2300 level.

Regarding indicators: the 4-hour MACD just had a golden cross, indicating short-term strength; but the daily MACD still shows bearish divergence, so don’t chase blindly.
Price has broken above EMA7 (2332), so the short-term trend remains upward, but it’s far from EMA30 (2280) and EMA120 (2180), with a large divergence, so a pullback to the moving averages could happen at any time.

Overall: support at 2300 is clear, but the upside space is limited, so it’s likely to continue oscillating.
In trading, go short at the top and long at the bottom, avoid chasing rallies or panic selling.

Reference levels

Resistance above: 2380 / 2430

Support below: 2300 / 2270

Short-term strategy

Short: 2385–2435, stop loss at 2470, target below 2350

Long: 2250–2300, stop loss at 2170, target above 2340

The market moves quickly, set good stop-losses, don’t hold through losses.