Ethereum’s current price action is still holding to a rhythm that looks strong but always falls short of the last push. Although it has followed the broader market rebound, the key resistance levels have never been effectively broken through, indicating that the bulls’ momentum is limited—more of a choppy, ranging structure.

From the chart, on the four-hour timeframe it continues to move in a sideways upward range, but the suppression at the highs is obvious. Each rebound has less room than the last; sell pressure above is gradually becoming more apparent, while the pullbacks below are not deep. This is a typical tug-of-war market. This kind of structure is most likely to play out as a spike up followed by a pullback.
Upward resistance has gradually shifted lower, from around 2460 to around 2400.
For intraday operations, prioritize shorting at higher levels, with long positions on dips as a secondary approach. Don’t chase breakouts.
As a reference strategy, short in batches in the 2350-2400 area. First target: below 2300. Then look further toward the 2210 area.
$ETH ‌