$ETH Institutional capital inflow, but resistance exists above! ETH drops below after a sharp sell-off!

$ETH ‌

Key levels: ETH price at $2,319; support at $2,309 to $2,312, and $2,282; resistance at $2,358 and $2,404.
Buy signal: Buy on dips when within the 1-hour Bollinger Bands at $2,309 to $2,312 or at the 4-hour moving average around $2,282.
Sell signal: Take profits at $2,358 (EMA cluster) or $2,404 (oscillation high).
ETH has recently shown sideways movement, with price fluctuating between $2,317.68 and $2,403.91 within 24 hours, currently around $2,326.36, down about 0.11% for the day.
Long and short ratio surged 22% to 2.44; whales and traders are both accumulating.
Despite the price decline, net buying has continued for 7 consecutive hours.
The divergence between accumulation and price decline suggests a possible bottoming process.
Short-term: Short-term trades near the $2,309 support level, targeting resistance at $2,358, with strict stop-loss settings.
Medium-term: Wait for the 1-hour EMA7 to re-stand above $2,350 to confirm trend continuation.
Long-term: If the 4-hour support holds, in the context of DeFi recovery, consider buying on dips around $2,282.
ETF continues to attract funds: ETH ETF net inflow over the past 24 hours is about 10,072 ETH (approximately $23.38 million), indicating institutional investors are still actively buying ETH.
Personal rambling, not investment advice!