ETH May 2 Short-term Rhythm Breakdown | Clearer Battle Between Bulls and Bears Around 2297

Current Price: 2297.7

  1. 4-Hour Chart Structure

ETH is currently in a high-level consolidation zone after a rally.

Features are quite clear:

The overall trend remains bullish, with no obvious breakdown signals Resistance above gradually approaches the 2350–2400 range The upward pace has slowed, but there is no panic retreat

Overall judgment: The main direction still leans bullish, but it has entered a high-level oscillation stage of “taking one step at a time”

  1. 1-Hour Chart Structure

Short-term is more about consolidation and testing:

Features:

Price repeatedly pulls around 2300 After multiple re-tests, it has not broken below key support zones (2250–2270) Volume contracts, indicating waiting for direction choice

Overall judgment: In the short term, it’s a consolidation buildup, not a downtrend

  1. Today’s Market Outlook

ETH currently looks more like a “handing over” consolidation within a range rather than a one-way trend.

There are two likely paths:

Continue upward to test resistance Hold above 2250–2270, then have the chance to push again to 2330–2350 Pull back for a shakeout before rising Test support downward and then re-ascend, typical of a sideways upward structure 4. Trading Strategy (Market Order Execution)

Direction: Long

Entry Price: 2297.7

Take Profit Settings:

First TP: 2320 (about +1%) Second TP: 2345 (about +2%)

Stop Loss Settings:

2263 (about -1.5%)

ETH1.17%
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