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Ethereum is in a short-term range-bound pullback; the bullish trend still remains, but an overbought correction should be watched for.
Yesterday, it rose in a continuous series of bullish candles, reaching a peak of 2398; afterward, a pullback pattern formed with two bearish candles + one small bullish candle, retracing to around 2366 and testing the middle band support.
On the 4-hour timeframe, it is still in the oscillating correction stage within an upward trend. After a short-term overbought move, a pullback occurs—pay attention to whether the middle band support is effective. If the support holds, the bulls still have a chance to push toward the upper band.
Go long directly around 2350, with the first target at 2420. If it breaks above, look toward 2500.
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