Technical Review

​Deep squat jump pattern: After ETH dropped to around 2251 (note that this is usually an extremely pessimistic oversold zone in market sentiment), it quickly rebounded to the current 2304.88. This is a typical early stage of a “V-shaped” reversal.
​1-hour MACD bottom divergence confirmation:
​Price made a new low (2251), but the MACD green histogram momentum did not follow the new low; instead, it started to contract and formed a golden cross (DIF: -9.76 / DEA: -14.44).
​Conclusion: The bears are exhausted, and the short-term rebound momentum is relatively strong.

​​Upper resistance: Currently, large sell orders are stacked in the 2350 - 2380 area. This is a dense consolidation zone of the previous downtrend. If it wants to break through, it must be accompanied by sustained expansion in trading volume.

​Lower support: There is a clear buy support order around 2280. As long as the price retraces without breaking below 2280 on increased volume, the bullish structure remains solid.

​​Pressure level: $2352 (this is the latest dynamic resistance level).

​​Support level: $2251 (once it breaks below with volume, the reversal logic fails, and it will slide toward the 2100 range).

​​Current phase: A shakeout period within the oversold rebound
​Entry logic: Currently, it is in the early stage of the MACD golden cross, which is a right-side entry signal. But the order book shows that there is heavy pressure above at 2350, so it’s not recommended to blindly chase the rally at this level.
​Short-term idea: Set up long positions around 2285 - 2295 on a pullback, with a stop-loss at 2250.
​Target levels: First target 2352; after a breakout, look at 2415
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