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Ethereum has seen a short-term rebound over the past hour, currently trading around 2303. The four-hour price remains below the downward trendline, with MACD oscillating at low levels, indicating that short-term bullish momentum has slowed down.
The resistance levels are concentrated in the 2320-2345 range, with strong resistance at the previous high of 2462; support is first seen at around 2280, and if broken, it could target near 2260.
On the 1-hour chart, the MACD red histogram continues to shrink, while on the 4-hour chart, the price remains near the lower edge of the downward channel. Overall, it is in a weak correction phase after a decline, with a short-term strategy leaning towards oscillation and slight bullish bias.
If support is tested and held, consider low-position long entries; if the rebound faces resistance, lighten positions and try short positions.