ETH can't go higher! 2370 becomes the emotional ceiling, and a pullback begins.

Current Price: 2376.99

First, the conclusion: ETH has already entered a high-level consolidation phase with weakening momentum in the short term, characterized by “momentum decay after a surge + gradual takeover by the bears.” The current structure does not support further continuous upward movement; intra-day, it is more inclined to consolidate and decline.

1. 4-hour timeframe: Surge with stagnation, structure turning weak

Failed to stabilize near 2400 after an upward push

High points gradually decline, forming a resistance structure

MACD at a high level shows stagnation, red bars shorten

Bollinger Band upper band flattens, price returns near the middle band

Core judgment:

4-hour chart shows a high-level consolidation leaning towards weakness

2. 1-hour timeframe: Short-term bearish rhythm forming

Appearance of “surge → pullback → weak rebound” structure

Multiple rebounds are resisted in the 2385-2400 range

Moving averages begin to turn downward

MACD enters a bearish zone and expands

Short-term rhythm:

Weak rebound + stair-step decline V $ETH

Direction: Short (market order entry)

Entry price: around 2376.99

Take profit:

First take profit: 2353 (about -1%)

Second take profit: 2329 (about -2%)

Stop loss:

Stop loss level: 2412 (about +1.5%)