Early morning Ethereum successfully surged higher, breaking through around 2330 to complete liquidity sweeping, then quickly retreated, revisiting yesterday's consolidation platform.


Currently, the upward slope has been broken, and the short-term rhythm has shifted from the previous oscillating upward trend to a weaker correction phase.
Today’s focus is on the support strength after the pullback. In terms of trading, if the price repeatedly approaches the upper resistance area, it is still possible to enter short positions, riding the trend to participate in the decline, waiting for the price to return to the weak oscillation zone, and releasing tradable profit space.
Operationally, short positions can be taken around 2315-2325, with a stop loss at 2355. Take profit at 2270-2255 zone.
ETH0.5%
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