Ethereum Overall Structure Analysis

From a structural perspective, a complete cycle has already been completed:
Previously: Above 2400 → Continuous decline → Reaching around 2218 (phase low)
Currently: 2218 → Rebound to around 2370
Current position: Rebound after decline + close to previous dense resistance zone
Key points:
The downtrend has not been broken (major level still bearish)
This is only a corrective rebound
Price is exactly stuck at:
Midline (around 2350)
Previous trapped zone
Essentially: This is a “rebound to the resistance zone,” not a starting point
Support and Resistance Levels
Resistance (key)
2350~2380 (current core resistance zone)
2400~2420 (strong resistance)
2460 (top)
Support Levels
2310 (short-term support)
2280
2250
Overall Judgment
Current market condition:
Rebound phase within a bearish trend + resistance zone battle
Key points:
Obvious resistance above
Rebound momentum is average
Structure has not yet strengthened
So the core logic is: prioritize watching for the end of the rebound, not continued upward movement
Summary in one sentence:
This rally is a “recovery,” not a “launch,” the true direction will be revealed at the resistance zone.