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Ethereum experienced short-term volatility over the weekend, with a sharp rise yesterday breaking above 2400 briefly before quickly retracing. As I previously mentioned, the risk of a pullback is now present. Currently, the four-hour chart has broken below the triangle range. The next step is to see if this rebound can break back into the triangle range. If it cannot stay above 2320 during the day, then the short-term support level to watch is around 2280. If this level holds, there is still a chance for a further rebound. If it fails to stay above this level for an extended period, a downtrend will begin.
Ethereum reference: short at 2306, target 2206, stop loss 44 points. #BTC #ETH