Evening ETH Outlook

The second “biscuit” is currently consolidating in a flag pattern range and is fluctuating. At present, it is holding above the 2306 level, which is bullish in the short term. As long as the pullback does not fall back below 2306, the downside risk is controllable; once it breaks below this position, it will test the flag’s lower support. If it holds, the range-bound oscillation pattern remains; if it fails, it will further dip to 2263.

Trading suggestions:
Break out above 2318 on increased volume and go long following the move;
Break down below 2302 on increased volume and go short following the move. Focus closely on volume momentum, and set a strict stop-loss.
If the hourly chart holds above 2318, the targets are 2345‑2390;
If the 4-hour chart breaks below 2300, look for a move down to 2264‑2218.

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