$ETH Staying above $2,285 under 4-hour downward pressure!

Key levels: Current price is $2,285, support is at $2,270-$2,275, resistance is at $2,295-$2,300 and $2,310-$2,312.
Buy setup: Enter near the convergence zone of $2,270-$2,275, or if the pullback continues with decreasing volume, enter around $2,260.
Sell setup: Reduce positions in the pressure zone of $2,295-$2,300, or if supply pressure at $2,310-$2,312 suppresses the rally, exit all.
ETH is currently trading near $2,285, although it is range-bound on the 1-hour chart, the downward pressure on the 4-hour chart still exerts resistance.
Main support is at $2,270-$2,275; if volume decreases, the secondary support is at $2,260.
Resistance is mainly at $2,295-$2,300 and $2,310-$2,312; only a break above $2,300 confirms a rebound.
Multiple timeframes show a tense situation: the 5-minute chart indicates oversold rebound, while the 4-hour chart remains bearish below the main exponential moving averages.
The long-short ratio has dropped to 2.42, indicating bullish momentum is pausing, not reversing completely.
Although recent whales reduced long exposure by 14.7%, top traders still maintain a 100% buy signal.
There is a short squeeze risk above $2,300, but whale position distribution suggests caution regarding short-term spot price increases.
Short-term: Buy near the $2,270 support level, with a stop-loss below $2,260; target initially at the resistance of $2,295, then observe if resistance holds.
Medium-term: If the 4-hour consolidation holds at $2,260, gradually build spot positions; aim to break through the supply zone at $2,310 when volume increases.
Long-term: Continue holding spot to earn staking rewards, while monitoring if $2,312 can be reclaimed to confirm a trend reversal and capture broader macro signals. $ETH