ETH Analysis Summary:

1. $2,340 is the short-term bullish and bearish dividing line: 4-hour SAR sits at this level, 15-minute MA20 is at $2,355. Holding above suggests a short-term upside bias; breaking below confirms that the 4-hour bears are accelerating downward.
2. $2,310 is the key intraday support: today’s low of $2,314 overlaps with the lowest average price of the 4-hour candlesticks. If it breaks below, it opens the downside room toward $2,270–$2,250, with an extreme target of $2,150–$2,165.
3. Bollinger Bands are extremely squeezed = a trend reversal is approaching: the bandwidth at 161.65 is near the lowest level in the past 30 days. In the next 1–3 days, a directional breakout is highly likely, volatility will expand rapidly, so be sure to control position size and stop-losses.
4. Bullish vs bearish capital standoff: massive buy orders from Bitmine vs ongoing ETF outflows + Kelp DAO assistance that may push ETH into circulation. This creates a tug-of-war between supply pressure and buying strength, increasing short-term range volatility.
5. 15-minute SAR flips bearish: the short-term trend has already weakened. Long setups should be approached with caution—wait for a pullback confirmation and avoid chasing rallies.