Ethereum has recently been a bit overwhelmed, with Bitcoin surging while Ethereum remains relatively quiet. It is still under pressure at the 2400 resistance level. As the market further consolidates, a certain head and shoulders bottom pattern has formed. The key focus moving forward is on the 2400 break situation, continuing to monitor the resistance level of the previous upward channel and considering taking profits.



Currently, the short-term support is around 2350, with a rebound. As the moving average structure shows a bullish alignment, the outlook remains mainly bullish. For short-term short positions, focus on the 2380-2400 range. A break and open position beyond that will result in a direct loss. For those with lighter positions, consider adding around 2440. $BTC $ETH
BTC0.56%
ETH-0.3%
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