In the early morning phase, Ethereum continued its overall weak downward trend, gradually declining after repeatedly facing resistance above 2300. Although there were sporadic rebounds along the way, they never formed a continuous upward attack, and the market's center of gravity kept shifting downward. As the bearish momentum was released, the price experienced a wave of accelerated decline in the morning, touching around 2250 before stabilizing somewhat, then entering a phase of oscillation and correction. From the rebound strength, although it returned to the 2280 level, the overall upward pace was relatively slow, more of a technical correction after a decline rather than a trend reversal, and the bulls had not established effective control.

From the four-hour structure, the overall trend remains dominated by the bears, with the candlestick pattern operating below the mid-term moving averages. The moving average system shows a downward arrangement, with a clear structural resistance zone around 2295-2310. Multiple previous rebounds were blocked near this area, indicating concentrated and effective selling pressure. On the one-hour level, the current rebound is a stepwise correction within a downtrend, with the high points gradually moving lower, a pattern that has not yet been broken. Additionally, trading volume has not shown significant expansion, so the rebound lacks sustainability. The short-term key support zone is around 2250-2260; if this level is broken again, further downside space will open. Based on the combined analysis of the four-hour and one-hour structures, until the price effectively stabilizes above 2300, the trend is unlikely to reverse. Trading strategies should primarily focus on short positions, with it being more reasonable to lay out short orders around the 2285-2300 resistance zone. #山寨币强势反弹 $ETH