ETH makes a strong rebound approaching the critical point! Is a rise above 2340 a real breakout, or is it the main force's final trap to lure more buyers?

Current Price: 2347.56

ETH’s recent movement is highly correlated with BTC, but the details are more worth caution—it’s not just a simple rebound, but a typical structure of “quick correction + approaching key resistance.”
This position is most prone to a one-word market: either continue to accelerate or turn around to harvest.

Let’s break down the three cycles directly.

1. Daily Chart Level: The rebound is confirmed, but the trend has not reversed

The daily chart currently shows a “successful correction, but not strengthened” status:

• Clear lower shadow, indicating strong support below 2200
• Reclaimed the critical zone around 2300
• MACD is starting to turn, but no strong secondary volume increase
• RSI has risen to around 60, but not entering a strong zone
  

2. 4-Hour Chart: V-shaped correction completed, entering pressure test zone

The 4-hour level is very critical:

• Rapid rise from the low point, forming a standard V-shaped reversal
• Bulls continue to volume up, with a strong rhythm
• But currently in a dense accumulation zone (2350-2450) where positions are trapped

Technical aspects:

• MACD shows a strong golden cross, momentum is clearly released
• Bollinger Bands opening upward, price running along the upper band
• Volume gradually enlarging then stabilizing

The issue is:

• Uptrend is fine, but the position is no longer cheap
  

3. 1-Hour Chart: Short-term overheating, pullback demand is accumulating

The short cycle is already showing signs of fatigue:

• After continuous rise, entering sideways consolidation
• Candle bodies shrinking, volatility weakening
• MACD at high levels shows stagnation, with divergence risk

Structural essence:

• Uptrend → momentum waning → waiting for pullback or breakout

4. Structural Summary: Market entering “Fake Breakout Verification Zone”

Current three-cycle resonance:

• Daily: rebound confirmed
• 4-hour: strong surge into resistance zone
• 1-hour: short-term overheating

This indicates:

ETH has completed the “correction phase” and is testing whether it has the capacity to continue rising

【ETH Today Short Strategy】

Entry position: 2347

First target: 2323

Second target: 2300

Stop-loss position: 2383