$ETH Night Performance

The hourly chart has broken below the consolidation box and the bullish trend line, and also broke the support at 2343. After breaking the consolidation box, the performance also shows a rebound upward trying to re-enter the box, but unsuccessful. Currently, the key support below the performance is at 2306-2300. As long as it does not break below this support range, there is still room to ease. If it breaks below the 2306-2300 range, the 2263 below may not hold, and it is highly likely to test the previous low at 2218 before stopping its fall and moving sideways for an upward rebound. If the performance breaks support in the 2306-2300 range, the hourly bullish trend will be broken, and testing 2218 will worsen the situation. This rebound will temporarily end. To halt the decline and start a rebound, the performance must return above the resistance at 2343, and if it moves back above 2343, it will move within the box again and potentially continue the rebound. Even if it does not rebound, moving sideways within the box is better than falling.
The performance with volume breaks through 2334 from the right for a long position, and 2299 with volume breaks through from the right for a short position. Watch for volume changes and set stop-loss properly.
The hourly chart remains stable above 2334 and looks upward toward 2373-2423.
The 4-hour chart breaks below 2310 and looks toward 2278-2248.
On the daily chart, the candlestick pointed to by the white arrow is a falling star indicating resistance above, and this falling star appears at a high position. The red arrow and the white arrow together with these three candles form a three pin top pattern on the daily chart, which looks less favorable. In the next 3 days, if the performance cannot fully swallow this three pin top pattern, the daily chart will undergo a correction. Currently, there is no need to worry because the daily chart has not broken the neckline at 2255, and the MACD is also above the zero line. Whenever the daily chart breaks below 2255 and MACD drops below zero, caution is advised. For those holding long positions at the bottom, it is better to exit.#GateSquareMayTradingShare