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Ethereum's current momentum still mainly revolves around range-bound oscillation, with short-term resistance around 2350 and support near 2280. On the four-hour chart, the Bollinger Bands are gradually narrowing, and the price is repeatedly moving around the middle band. The market currently lacks a clear direction, and neither bulls nor bears have achieved an effective breakout.
From the hourly chart structure, after the previous dip to 2250, the market has been in a back-and-forth upward correction, but each rebound has been essentially suppressed around 2350, indicating that selling pressure above remains significant.
The intraday outlook remains unchanged: primarily look for short opportunities on rebounds. If the decline below does not gain enough momentum or does not extend, consider adding long positions at lower levels. In the short term, focus on entering short positions within the 2325-2340 range, with targets still set at the 2270-2220 zone. $ETH #WCTC交易赛瓜分800万USDT