ETH

Peak at 2423, then a shakeout decline, a weak rebound, a break below the midline, and continued weakness. Currently testing support repeatedly around 2300 → a weak oscillating structure dominated by bears.

Sub-path

A short-term bottoming out and slight rebound around 2300 → but always under pressure from the middle band (about 2320-2340))

If the rebound cannot break through the midline with volume, continue to oscillate bearish

If it reclaims 2340 → only then has the chance to turn strong

Rhythm summary

End of rally, sideways at high level, shakeout decline, break below structure → weak rebound, and weakening again. Bollinger Bands:

Price moves below the midline, lower band gradually widens, indicating a continued bearish trend. MACD:

Red bars continue to expand, bearish momentum remains

But signs of decreasing volume, short-term rebound demand exists. RSI:

Sideways at low levels, no strong reversal signals appear.

Conclusion

The current trend is still dominated by bears. Key points for short-term oscillation and correction:

If it cannot hold above 2340, continue the bearish rhythm

Breaking below 2300, accelerate downward

Short-term core strategy

Primarily short on rebounds

Only take long positions at support levels for rebounds, not expecting trend reversal