ETH has clearly encountered resistance near 2400 during this rally, and the daily chart has been bouncing back for seven consecutive days. Now, it depends on whether today can break through directly with strength. If it can't push higher, then this upward move will be somewhat weak, and you should be cautious of a sudden dip to shake out traders.



For intraday trading, the support levels below are still around 2350-2340. Those looking to go long in the short term can patiently wait for a dip to around 2340 before considering entering. As long as 2350 is not effectively broken downward, the small-term bullish structure remains intact, and the overall outlook is still leaning bullish.

On the upside, first watch the 2400 level. If it can break through, the next target is 2430, and further up, around 2460.

As for short positions, there's no need to rush; the ideal entry point hasn't arrived yet. Wait until the price reaches the previous high around 2460, then consider looking for opportunities based on the market situation for more stability.
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