At present, ETH has formed an effective breakout trend structure on the 1-hour timeframe. After the price broke out with increased volume from the prior range-bound consolidation (below 2300), it surged to the high of 2414. Then, it did not experience a significant pullback; instead, it moved sideways and consolidated around 2390. This is a typical strong consolidation sideways indicator (a high-level flag pattern). In terms of indicators, the MACD continues to run with expanding volume above the zero line, and bullish momentum remains steadily strengthening. The RSI stays in the 65–70 range, indicating strength but without being severely overbought. The KDJ is dulled at high levels and flattening, indicating the market is entering a “closing formation” like a false Afghanistan battle-ending setup—i.e., the move is shifting toward the concluding phase of the pattern. Trading volume clearly increased during the breakout phase, and then reached a phase of volume contraction while moving sideways, which indicates a healthy upward structure.

Looking at key levels: resistance lies in the 2410–2420 range, with further heavy pressure near 2450. Support is at 2380–2370, with a key support around the 2350 level. Overall assessment: the trend is bullish, and the market is currently undergoing an upward consolidation.