ETH 1-Hour Market Analysis

ETH is currently in a clear retracement phase on the 1-hour timeframe, with the price continuously weakening from around 2400, currently trading near 2280.
In the short-term structure, a "lower high + consecutive downward decline" weak trend has formed, and market sentiment is bearish, with rebound strength clearly insufficient.
At present, ETH remains under pressure in the 2400-2350 zone, with funds favoring profit-taking at higher levels, and the short-term bears hold the advantage. Recently, market focus on ETH continues to concentrate on whether it can effectively break through 2400; otherwise, the overall trend remains sideways with a downward structure. ETH is currently in a weak consolidation phase after a high-level pullback, and the bearish structure has not yet been broken.
Around 2280 is the current short-term support/resistance boundary; if it continues to be broken, it may further test 2250 or even 2210.
Resistance levels (pressure)
2300-2310 (short-term resistance)
2340-2360 (midline suppression)
2400-2430 (strong resistance zone)
Support levels (support)
2250-2260 (current short-term support)
2210-2220 (important support)
2150-2160 (key defensive zone)
Intraday strategy: Prioritize shorting on rebounds at resistance and buying on dips at support, only trading rebounds.