ETH is in the consolidation phase at the upper end of an ascending channel on the 1-hour level. The bullish trend remains intact, but the short term faces strong resistance at 2,167 and overbought correction needs. The next 1-2 hours are crucial; if it breaks above 2,168, it will open new upside space; if it encounters resistance and falls back, it will likely retest 2,148 for support.

Currently, ETH is in a weak oscillation consolidation phase on the 4-hour level, constrained by the pressure of the Bollinger Band middle band.

Bullish condition: A large bullish candle with volume breaking above 2,162 and holding steady is needed to confirm the continuation of the rebound, targeting the 2,200 level.

Bearish condition: If the price encounters resistance around 2,162 and falls back, or breaks below 2,140, there is a high probability of retesting the validity of the previous low support at 2,097.

Operation suggestion: Currently in a "pressure above, support below" sandwich market with unclear direction. A prudent strategy is to wait and observe, consider following a long position only after the price breaks above 2,162, or attempt short longs after a pullback to around 2,100 stabilizes. Do not blindly open positions in the middle of the current narrow oscillation range. $ETH