Ethereum is currently trading around 2390. After previously pulling back to a low of 2355, it found support and stabilized, and has now entered a volatile recovery phase! From the current chart, after a round of rallying, retreating, and correcting on the daily timeframe, the price remains above the Bollinger middle band, and the broader bullish structure remains intact. On the 4-hour timeframe, the decline stalled after a rapid drop, with effective support at the lows below and bearish momentum fully released. The Bollinger Bands are narrowing and flattening, indicating that the market has entered a bottom-building and recovery phase. Downside space has been further compressed, and another upward attack is expected. On the 1-hour timeframe, the price rebounded after finding support at the lows and stabilizing, remaining above the Bollinger middle band, while the moving averages formed bottom support. Overall, prioritize long positions on pullbacks to key support levels. Long Ethereum near 2380–2350, targeting 2450–2500; if it breaks through with increased volume, target 2550. #Gate用户突破6000万 $ETH

Draw a trendline from the high around 2566, then connect the highs to the lows. This shows Ethereum’s previous strong surge, reaching a high of 2566.26 before pulling back, with the current price around 2406. The 4-hour Bollinger Bands are beginning to open slightly downward, with the middle band at 2410–2420 becoming strong short-term resistance and the lower band providing support around 2300. The price has repeatedly tested resistance at the middle band but failed to hold above it after multiple rebounds. Suggested short entry around 2405–2415, with targets around 2370–2330 $ETH

ETH can be shorted at this level 🈳, enter with a light position! The chart shows a bearish resonance, with the 1-hour‑4-hour‑daily multi-timeframe structure suppressed by the descending trendline; the highs have gradually declined from 2566; The current rebound is only a correction during the decline, with no signal of a bullish reversal, Price is nearing the 2430‑2450 resistance zone, with a high probability of retreat under pressure; the market has entered a trend-change window. ETH: Short in batches at 2400-2430, Target 2360-2340; if it breaks below, watch 2300-2280#Gate美股期权正式上线 $ETH