The four-hour chart shows a “bear trap” signal. Support at 2220 is holding firm, and a bullish counterattack is just about to begin!

Yesterday, Ethereum faced pressure from the high of 2346.48 and pulled back; during the session it briefly dipped as low as 2218.83. At first glance, it looked like bears were strong—but in reality, it completed a “deep shakeout.” After the price touched around 2220, it quickly rebounded, confirming that the support zone is effective. This kind of “sharp selloff followed by a slow rise” pattern is often a typical tactic used by major players to clear out floating positions.

Oversold correction: In the KDJ indicator, the J line (16.18) has turned upward from the oversold zone (<20). The downward slope of the K line (34.28) and the D line (43.33) has clearly slowed, indicating strong demand for a short-term rebound.

Go long directly around 2230. First target: 2350. If it breaks through, target: 2430.
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