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Yesterday, the Ethereum trend in the US market was volatile, gradually converging at high levels to form a wedge-shaped consolidation pattern, and in the short term, it remains in a phase of oscillation and digestion.
As time progresses, the compression of the range is gradually completing, and the probability of choosing a direction in the short term is increasing.
In terms of intraday rhythm, prioritize monitoring the support situation at the lower end of the range; above the key support, there is still room for low-level participation.
If subsequent high levels show increased volume and momentum, the price is likely to repeatedly pull within the range, releasing short-term profit potential.
Long positions around 2320, stop loss at 2270, target at 2370-2410.