Ethereum's short-term trend is under obvious pressure, with the area above 2340 being a strong resistance zone. The two attempts to break through in the early hours of yesterday were both met with resistance and pulled back;

The daily chart has shown signs of a top, and today's rebound to the neckline of the double top pattern has not achieved an effective breakthrough. This round of rebound is most likely a signal of main players offloading.
The 1-hour technical indicators are weakening in resonance, with the KDJ forming a death cross and continuing to extend downward, and the MACD bullish momentum gradually shrinking. At the same time, a double top structure has formed at the same level. If the price cannot hold above the key support at 2300 within the day, it is highly likely to continue its downward trend.