Morning Market Brief:

$ETH Gained effective support around 2340 and gradually rebounded, accumulating about 65 points from that area, with the highest reaching 2404, currently testing the important psychological level of 2400.

From the four-hour chart, the candlestick bodies have continuously stabilized above the short-term moving averages, and the moving average system is beginning to show an upward trend. The MACD fast line has broken through the zero axis, and the momentum histogram has turned positive, indicating that bullish strength is gradually being released. The current slight consolidation is a normal accumulation process before breaking through key price levels.

Support and Resistance:
The short-term support level has formed at 2380 below. As long as the price remains above this level, the bullish pattern will remain unchanged, and a volume increase for upward movement is expected. If the 2380 support holds, the upward targets can be seen at 2420 and 2440.

Trading Suggestions:
Focus on low-buy opportunities after price pullbacks, monitor the support around 2380-2390, and set a stop-loss below 2365.

Also pay attention to the breakout pattern at the 2400 level:
If volume surges and the price stabilizes quickly, it indicates increased bullish momentum;

If the price consolidates without moving forward for a long time, be alert to short-term oscillations and control your position size.