ETH has currently retraced to the daily support level around 2290. As long as this level holds, the overall bullish structure remains intact. For those holding long positions, stop-loss can be placed around 2270 to allow some room; if it really breaks below, don't panic, there will still be a chance for a rebound, so pay close attention to the 2250 area for a potential buy-back.

On the upside, 2360 is a key resistance level, mainly watch whether the 4-hour chart can break above it effectively. Once broken and stabilized, there is a good chance for a second surge, with the target first set between 2420 and 2500.

As for short positions, don't rush to short blindly. Wait until the price approaches around 2500 before considering trying, as that position is safer. Recently, ETH has not yet caught up in the rally, and it is highly likely that it will need to catch up again later.