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$ETH ETH has already touched the key trendline resistance zone on the daily chart. The resistance range is between 2270-2310. From the market structure, there is a clear selling pressure above this area. Multiple previous rebounds were all halted and reversed near this zone, indicating that the bullish momentum is insufficient for a strong upward push.
Therefore, the strategy remains to focus on shorting during rebounds. Be patient and wait for the price to rebound near the resistance zone and show signs of stagnation before gradually building short positions.
On the downside, the immediate support level is around 2175. If broken, the next support is near 2115. The medium-term support is at approximately 2055, with the final line of defense at around 1915.
Overall, ETH is more likely to consolidate and correct near the current resistance level. A direct breakout upward is relatively difficult, and the space for a rebound is limited.
Trade cautiously, set strict stop-losses, and avoid blindly chasing long positions.