Support levels: $2,200-$2,230 (strong support), $2,300 (psychological barrier).



◦ Resistance levels: $2,380-$2,400 (strong resistance, requires volume breakout), $2,460 (upper Bollinger Band).

◦ Indicators: Daily MACD red histogram shrinking, 4-hour bearish divergence, short-term correction risk increasing; RSI(62) approaching overbought.

• Capital and Sentiment

◦ Whale movements: A whale is building a large long position near $2,300 (about $61 million-$90 million), with 20x leverage.

◦ ETF funds: Spot ETH ETF net inflow totals about $4.2 billion, but recent capital flow is unstable.

◦ Market sentiment: Fear and Greed Index at 16 (extreme fear), indicating potential for emotional rebound.

• Short-term conclusion: Likely to fluctuate within the $2,200-$2,400 range, with higher risk of correction than rally; a confirmed break below $2,200 could target $2,000-$2,100, while volume breakout above $2,400 could aim for $2,500.
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