Ethereum's overall trend is clearly weak, with a larger decline compared to Bitcoin. After the price faced resistance during the rally, it continued to decline, with short-term bearish forces dominating completely.

The technical pattern remains weak, with moving averages showing a bearish alignment, and downward indicators suggest that the correction trend has not yet ended. On the macro level, expectations for interest rate cuts have been delayed, coupled with continuous outflows of Ethereum ETF funds, further increasing selling pressure.

Currently, the key support level is around 2220, with strong resistance concentrated near 2300. The overall market is mainly characterized by weak oscillations and adjustments, and it is advisable to operate mainly by shorting on rebounds. Stick to stop-profit and stop-loss strategies, and beware of support breaking which could lead to deeper declines.