Ethereum, from the four-hour chart, is showing a weak trend, reaching a high of around 2464 before facing resistance and pulling back. The previous gains have also been fully retraced. The current first support level is at 2250. If today’s market breaks below this level, the price is likely to move toward the 2150–2200 range. The midline at 2350 is a strong short-term resistance level; only if the price pushes up and re-establishes above this level can the current downtrend be broken!



It is recommended to enter short positions around 2300–2320, with targets near 2260–2250. If broken, look for 2220–2210. If 2200 is not broken downward, consider reversing to long positions.

The above analysis is my personal opinion. Market conditions change rapidly, and strategies are for reference only. Use proper stop-loss and take-profit measures.
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