Ethereum initially surged then pulled back before entering a consolidation correction phase.

The current price is in the middle of the consolidation range.
Yesterday, I emphasized that 2340 is a key level.
The previous multiple rejections and pullbacks are the core of the short-term battle between bulls and bears.
Short-term support below is at 2300, which is the neckline of the previous rebound low.
Currently, bullish momentum continues to accumulate, and the four-hour indicator is resonating upward.
If the price breaks through the 2340 key level, then this resistance will directly turn into a strong support.
Subsequently, the bullish trend will continue, with the first target at 2370.
If it breaks through 2370, it may test the 2400 round number!
Of course, if the price rebounds to the 2335–2340 zone and faces resistance, then pulls back, and the four-hour candlestick closes with a long upper shadow,
that confirms the breakout has failed, and it will most likely continue to fall back toward 2310–2290!

Suggest entering long positions around 2290–2310, targeting near 2340–2370, and watching for a break toward 2400.

The above analysis is my personal opinion. Market conditions change rapidly, so strategies are for reference only.
Use stop-loss and take-profit orders properly! #美伊二轮谈判进展