In the early morning phase, Ethereum did not break out of a continuous upward trend but instead oscillated around a range, with the market first stabilizing after a dip near 2307 and then gradually rising. The rhythm during this process was quite decisive, with lows constantly moving higher, pushing the space up to around 2363. However, this rally did not form an effective breakout; despite staying at high levels for a while, it lacked further continuation. Each time it touched above 2350, it was pushed back down, indicating limited willingness to accept higher prices. Subsequently, the market entered a digestion phase, beginning to fluctuate repeatedly and gradually decline, especially in the latter half, with a more noticeable pullback, bringing the price back near 2330. Overall, this round resembles a failed attempt to break higher within a range, followed by a shift in focus back to the center, rather than a trend continuation.

From the current market structure, after spiking above 2360 on the 4-hour chart but failing to hold above the previous resistance zone, a clear resistance and pullback occurred. The candlesticks moved back below the midline, and the short-term trend shifted from strong to weak. On the 1-hour chart, repeated patterns of rising and falling were observed, with highs gradually decreasing, and moving averages beginning to flatten and weaken, indicating insufficient bullish momentum. The market is gradually transitioning into a bearish-dominated sideways decline. The key support levels below are in the 2300-2310 range, which has been repeatedly confirmed as a zone of support. If broken, the structure will weaken further and open more downside space. Resistance above is concentrated around 2355-2370, where multiple rebounds failed to break through. Considering the current rhythm, the rebound's sustainability is poor, and the decline is more coherent. The subsequent strategy is clearly bearish, prioritizing short positions near resistance zones, with the first target at the 2300 level. The direction is not to hesitate, maintaining a short-term bearish outlook. #美伊局势和谈与增兵博弈 $ETH