Ethereum's recent rebound has consistently failed to hold above 2400, with multiple attempts to push higher being met with resistance around the 2380-2420 range, leading to pullbacks. Although the highs have slightly increased, the momentum is clearly lacking. Currently, the price has returned to around 2310, and selling pressure above still exists.

It can be seen that the previous low around 2218 formed a strong support, but after this round of rebound, the price has not opened up new upward space and instead has repeatedly closed with upper shadows, indicating that the bullish momentum is gradually weakening. Especially with this volume-driven decline candlestick, signs of weakening are already emerging.

In the short term, focus on the resistance near 2360. As long as the four-hour chart cannot regain this level, the intraday outlook remains biased towards a bearish stance. The current structure resembles a second retest after a rebound; if 2300 is lost, further downside space is likely to open up.

For intraday trading, consider continuing to sell in batches within the 2320-2360 range, with initial targets around 2260, and further down towards 2210.

Currently, the market rhythm is more oscillatory downward. Avoid blindly shorting; wait for a rebound to find better entry points for more stability.