ETH is currently in a stage of shrinking volume and building strength before a key resistance, with the direction about to be decided:

Bearish scenario (higher probability in the short term, about 55–60%): The $2,340 resistance remains effective, and after Bollinger Bands narrow, a downward breakout is more likely, targeting $2,252–$2,200. BTC dominance remains high, continuing to suppress ETH.
Bullish scenario: If volume increases and breaks through $2,340 and stabilizes above $2,380, it could open up space for $2,450–$2,500 or even $2,900+, with a potential increase of 20–30%. If CCI/KDJ signals oversold conditions and rebounds with volume, the probability of a reversal increases.
Trading suggestions:
Maintain a bearish outlook below $2,340, with a short-term stop loss set above $2,350.
Watch the $2,287 support; if broken, consider shorting towards the target of $2,252–$2,200.
If volume breaks through $2,340 and stabilizes, switch to a bullish stance, targeting $2,400–$2,450.
The $2,252–$2,200 range can be used to gradually build medium-term long positions, with a stop loss below $2,175.