Last night, ETH experienced a surge with increased volume, reaching a high of 2463 before turning back down. Now the price is around 2350. The overall trend is very clear: after a quick rise to lure in buyers, it has returned to a bearish rhythm. That rapid upward move last night did not change the main direction; subsequent rebounds are still opportunities to short. The actual short entry point I provided was 2465, but the market only reached 2463 before turning back down—just two points short of entry. Truly a chosen one, perfectly missing this high short opportunity $ETH .

From a technical perspective, on the 1-hour chart with the Zhangli (Chanlun) structure, the 2463 level has already shown obvious divergence at the top, and the final upward push clearly weakened, which is a typical end-of-move trap. Currently, after breaking below the short-term upward central zone, the 2380-2420 range is exactly the upper boundary of the central zone, serving as a key resistance level and a standard second-type shorting point. Combined with indicators, the 4-hour BOLL upper band and EMA30 moving average are resonating here under pressure, MACD has a high-level death cross indicating ongoing bearish momentum, and RSI is rapidly falling from overbought territory. Multiple signals point to this zone as a very strong resistance.

Trading strategy $ETH :
Short around 2395-2405, stop loss at 2442, targets at 2350-2320-2280.