$ETH Key resistance is right in front of us, bulls can't break through at all

Currently, the price is stuck around 2350, with layered resistance above:

• First resistance: the recent high of 2460, based on current momentum, bulls may not even reach this level;

• Strong resistance: the 2570 retracement midpoint, which is even more of a short-term ceiling that’s difficult to break through.
Opening long positions at this “stuck” level offers very low cost-effectiveness, while shorting provides a very favorable risk-reward ratio.

Personal trading ideas (for reference only, not investment advice)

1. Short entry zone: gradually enter in the 2400-2460 range, avoid chasing highs, preferably wait for a rebound to the 2420-2460 resistance zone before entering, for higher safety.

2. Stop-loss setup: place it above 2500 (above the recent high). If volume breaks through here, it indicates my bearish logic has failed; admit the mistake and exit immediately, never hold through.

3. Target levels:

◦ First target: 2310-2300 (support at the 10-day moving average);

◦ Second target: 2200-2220 (strong support at EMA30);

◦ Extreme case: if it falls below 2200, look for support at the 2070 level.