Currently, ETH shows a peak at 2423 on the 1-hour timeframe → continues to decline → stabilizes around 2280 → not a sideways consolidation pattern, the market has shifted from a downtrend to a low-level oscillation and consolidation phase. In terms of candlestick patterns, after a continuous decline earlier, recent movements have been around the 2280-2350 range, without forming new lows or breaking above, typical of a consolidation correction market. Regarding indicators, MACD below the zero line is gradually shrinking, with decreasing green bars indicating weakening momentum and a potential bottoming; RSI remains in the neutral zone of 40-50, with balanced bullish and bearish forces; KDJ has formed a golden cross at low levels and is trending upward, but momentum is moderate, indicating limited rebound strength. Trading volume is generally weak, and market hesitation is key. In terms of position, resistance above is at the 2330-2350 range, with strong resistance near 2380; support below is at the 2280 level, with a critical defense zone around 2250. Overall, the market is entering a consolidation zone, with short-term bulls and bears vying for control.