Confirmation of a weakening signal at high ETH levels! Resistance above 2280, the intraday pullback window has already opened.

Current Price: 2285.80

First, the conclusion: ETH has shifted from a consolidation pattern to a short-term bearish trend, indicating a “retest phase after a failed rebound.” Intraday, it is more likely to decline sideways rather than continue to strengthen.

1. 4-Hour Level: Rebound losing momentum, structure beginning to weaken

Failed to break above 2350 area, unable to sustain the rally Highs gradually declining, forming a resistance structure MACD shows clear signs of a death cross at high levels Bollinger Bands starting to tighten, price falling below the middle band

Core judgment: 4-hour chart indicates a sideways to bearish phase

2. 1-Hour Level: Bearish momentum gradually building

Pattern of “spike higher → pullback → weak rebound” Multiple rebounds capped around 2300 Moving averages turning downward, price trading below the averages MACD bearish momentum gradually strengthening

Short-term rhythm: Weak rebound + stair-step decline

3. Intraday Trend Projection

If unable to regain stability above the 2300-2320 range:

More likely to decline sideways intraday First test support around 2260 If broken, may extend to the 2230 area

4. Direct Trading Strategy (as required)

Direction: Short (market order to open position)

Entry Price: Around 2285.80

Take Profit:

First TP: 2263 (approximately -1%) Second TP: 2240 (approximately -2%)

Stop Loss:

Stop Loss Level: 2320 (approximately +1.5%)