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May 9 $ETH Market: Ethereum yesterday dipped to a low of 2263 and rebounded to our first take-profit at 2320 for the long position.
Currently, on the hourly chart, pay attention to the dividing line in the chart below; as long as it hasn't fully broken below, there's no need to be overly bearish.
Above the dividing line, it is considered support.
Key level: regaining the resistance zone of 2335-2345, at minimum, the hourly close should be above 2345 to look higher towards the resistance around 2397.
The reaction in the 2335-2345 zone will always determine the strength of the subsequent market trend.
So, just wait for the reaction here.