$ETH Posture Silk Road and Suggestions

Although this wave of rebound is quite strong, as indicated by the yellow arrow above, it still hasn't broken the previous high. Instead, it touched the 2412 resistance and immediately turned downward, breaking through 2360 and the flag pattern.
Now it has tested the support around 2300 for the first time. Let's see if the isolated low point indicated by the white arrow below can hold. If it can't hold, and 2300 is broken, then we need to look for a sign of a bottom at 2251.
If it can hold the rebound, it must return to the resistance zone of 2339-2360 to operate, in order to stop the current downtrend. Only by returning to the 2339-2360 resistance zone can there be a chance for an upward rebound toward 2412; otherwise, maintaining trading between 2339 and 2300 without further decline is already quite a feat.

Break above 2325 with volume to chase the long on the rebound;
Break below 2307 with volume to chase the short; pay attention to volume changes and set proper stop-losses.
On the hourly level, hold steady above 2325 and look toward 2339-2360.
On the 4-hour level, break below 2308 and look toward 2283-2251.

This 4-hour consolidation triangle must not be broken downward, because the current posture has already broken the Fibonacci 78.6% strong support.
Breaking the triangle will lead to further testing of the Fibonacci 61.8% support.
If both the 78.6% and 61.8% supports are broken, the posture will turn bearish again.
A false break of the triangle to retest the 61.8% level is possible, but it must recover; if it doesn't, the 4-hour downtrend will begin.
$ETH