April 28 Concubine

ETH price action is highly volatile, and 100-point range trading has become the norm!
Currently, ETH is consolidating and oscillating around the 2300 level. From the four-hour chart, after the rally pushed up to 2463 and formed top-side suppression, the rebound highs have continued stepping lower, and the bearish trend structure has already taken shape. The key support below is locked at 2250—this level is the short-term line dividing bulls and bears. As long as it is not effectively broken down, the market will most likely maintain wide-range oscillation; once it breaks down with increased volume, the downside room will be fully opened.

Today, prioritize a trend-following pullback:
In the short term, stay bearish while relying on above-2300, and test the 2250 support;
If the candlestick body breaks below 2250, follow the trend to chase the short and look for the 2200 area;
If the 2250 support holds and the selloff stalls, you can reverse to go long; the rebound target is around 2350-2380, and profits from both-direction intraday swings can be captured. $BTC ‌ $ETH ‌