$ETH Ethereum surged then pulled back sharply, currently trading around 2292, with the price breaking below all short-term moving average supports, and short-term bearish momentum continues to be released.

The resistance levels above are concentrated in the 2310-2326 range, with strong resistance at the previous high of 2423;
Below support is first seen at around 2284, and if it fails to hold, then look towards around 2270.
On the 1-hour chart, the price is rapidly declining along the short-term moving averages, with a clear downtrend.
In the short term, the trend is mainly bearish, and a trend-following bearish approach is preferred.
Rebound resistance can be lightly shorted, and it is not recommended to bottom-fish until a stabilization signal appears.
#BTC回调