During the nighttime phase, Ethereum overall moved out of a wave of initial decline followed by stabilization. After facing resistance around 2370, the market gradually retreated, continuing a oscillating downward trend during the session. However, during the decline, there was no acceleration in volume, and instead, the price gradually stabilized near 2300, with buying support increasing at lower levels. Subsequently, the market entered a sideways correction phase, oscillating around 2310, with multiple dips that did not break below this level, indicating that support below is beginning to emerge. In the latter half, the market's focus gradually shifted upward, with lows rising. Although the 2330 level was tested multiple times without breaking through, the overall trend shifted from a weak decline to a low-level consolidation with signs of stabilization, and the bearish momentum has noticeably weakened.

From the market structure perspective, Ethereum on the 4-hour chart is currently in a correction and recovery phase after a decline. Although the overall trend experienced a pullback, support around 2300 has been confirmed multiple times, and the short-term structure is gradually shifting from downward to sideways accumulation. On the daily chart, after a pullback, the previous structure was not broken, but signs of a bottoming process appeared in key areas. In the short-term cycle, the 2300-2310 zone has become the core support level, while the 2335-2345 zone above acts as short-term resistance. Once this range is effectively broken, the market could open upward space, retesting previous highs. Based on the current structure and rhythm, the trend leans more toward oscillating strength, with a trading strategy focused on buying low. Pay close attention to the retest around 2310; as long as it holds, there is an expectation of further upward movement, with the target above 2350 for a potential breakout continuation. #Gate13周年 $ETH