Key support levels have been breached, and ETH has entered a "weak equilibrium zone" in the short term.

The latest market data shows ETH has broken below the 2300 USDT threshold, currently at 2299.99 USDT, with a 24-hour increase narrowing to 0.08%, almost giving back all of the intraday gains.
The significance of this move's signal is far greater than the number itself:
The 2300 level was originally a short-term bullish defense zone.
Breaking below indicates that buying momentum is beginning to weaken.
The market is shifting from a "rebound structure" to a "volatile and weak structure."
From the current chart, there are three key changes:
First, momentum is clearly waning.
The upward trend has failed to continue, and the willingness of funds to chase higher is decreasing.
Second, the price has returned to the trading range.
Buyers and sellers are re-contesting dominance, rather than pushing in a single direction.
Third, leverage risk is re-accumulating.
If the 2300 level cannot be quickly reclaimed, it will turn into a resistance zone above.
In the short term, key points to monitor include:
Whether there is a quick recovery (false breakdown).
New liquidity absorption zones below.
Liquidation and funding rate changes.
At this stage, the essence of the market is not "rise or fall," but:
Who is forced to exit first.
Follow me to catch key price level changes and market structure reversal signals in real time.
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