ETH current trend is leaning towards a typical consolidation range structure, with oscillation as the main theme in the short term. The upper 2200 level shows obvious resistance pressure, with multiple attempts failing to effectively hold above it; the lower 2100 area forms phase support, not yet substantially broken through.



From the hourly level perspective, price continues to fluctuate between the upper and lower bands of the Bollinger Bands, lacking a clear directional choice. Meanwhile, highs are gradually declining, combined with the technical indicators showing bearish alignment, the overall short-term sentiment is slightly weak.

In terms of operation, the strategy focuses mainly on shorting from highs:
Consider plotting short positions in batches in the 2165-2185 range to observe the pullback space first. Focus on the 2100 support level below; if effectively broken through, the bearish trend is expected to continue further; if this level holds steady and resists breaking through, consider reversing positions to go long accordingly, capturing range-bound rebounds. $BTC $ETH #Gate正式接入Polymarket
BTC-2.68%
ETH-4.28%
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