Ethereum’s current market overall remains range-bound and continues to oscillate within the box range. Both the daily and 4-hour cycles are in a sideways consolidation state.

Key resistance above has been tested multiple times but has failed to break through effectively; the suppressive effect is clear. When price reaches the pressure zone, you can consider reducing holdings on rallies.

The support area below has repeatedly probed the lows and holds firmly; there is sufficient bottom-formation support. Buying on dips near the support is suitable for entering long positions in batches.

Overall, it’s suitable to trade back and forth within the range. The pattern is biased toward stronger oscillation. Remember not to blindly chase highs in your trades. Resistance above is at 23800-2400, and support below is at 2310-2290.

Ethereum has retraced to around 2290-2310—consider entering long in batches on dips. The target is 2350; after a confirmed breakout and stabilization, follow through and look toward around 2400. Otherwise, consider short positions $BTC $ETH #Gate广场五月交易分享