Market Structure: $2308 support vs

$2333 support

Key Levels: ETH is at $2308; support levels are $2273/$2266; resistance levels are $2333/$2350. The price is between the 1-hour rebound structure and the 4-hour supply zone.
Buy Setup: Re-test at Bollinger Band support; enter around $2273-$2280; if the low-volume consolidation holds, build a position near $2266.
Sell Setup: Reduce positions at $2333-$2340 (1-hour upper band) and $2350-$2360 (4-hour supply zone).
The long-short ratio surged 30% to 2.61, indicating whales and top traders generally hold a strong bullish stance.
Net inflow within 7 hours reached +$25 million, but the average long entry price remains above the current price.
This consistency indicates strong market confidence; however, if the price continues to decline, floating losses could lead to forced liquidations.
Short-term: Go long near the $2273 support with a stop below $2266, targeting the $2333 resistance.
Mid-term: Wait for a confirmed break above $2333 with increased volume, then re-enter to establish a ranging position, targeting the $2350 area.