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Brothers, let's discuss the ETH outlook for tonight.
First, the conclusion: bearish consolidation, most likely testing 2280-2300, and a rebound above 2340 will be difficult.
Unfortunately, tonight's situation is again one of having to hold positions forcibly, so here are a few simple points:
1. The 4-hour chart shows a death cross, with green bars still expanding, clearly favoring the bears
2. 2340 is a strong resistance at EMA30, 2285 is a short-term key support
3. Still following Bitcoin's movement; if the market is unstable, ETH can't move up on its own
In terms of trading:
· Those without positions should wait and see, don't rush
· Around 2340, consider a small short position
· If it can stabilize around 2280, then consider a short-term long
In a consolidation phase, waiting for the right level is more important than chasing entries.