ETH once again shows a false breakout! 2365 becomes a trap for false signals, and the decline trend begins

Current Price: 2365.18

First, the conclusion: From the current structure, ETH has already shown a false breakout at the upper boundary of the range combined with weakening momentum, signaling a short-term shift from “attempted surge failure → sideways to bearish” rhythm, with a bias toward decline within the day.

1. 4-Hour Level: High-level oscillation, weak structure

Considering the overall trend:

Repeated resistance above 2380-2420 Support below at 2280-2320 Currently operating in the upper part of the range

Key signals:

Multiple attempts to push higher failed to extend the trend Highs did not effectively lift A typical weak structure within oscillating markets

Core judgment: The 4-hour chart is in a “high-level oscillation leaning bearish” phase

2. 1-Hour Level: False breakout structure confirmed

Observing short-term:

A rally reaching near 2375 Then a quick pullback → false breakout confirmed Currently consolidating but lacking further upward momentum

Technical details:

Highs gradually decreasing Weak rebound, under continuous pressure Bullish momentum significantly weakened

Short-term rhythm: Failed to push higher → sideways → likely to turn downward

Direction: Short (market order to open position)

Entry Price: 2365.18

Take Profit:

First TP: 2341.53

Second TP: 2317.88

Stop Loss:

Stop Loss Level: 2400.66