Technical Analysis: 10:40

From the 4-hour timeframe, the current price is testing the lower boundary of the box from below:

· Key Resistance (watch for a breakout):
· First resistance: 2233-2255 zone (the current pressure level). The price has tested this area multiple times in the past 24 hours; if it cannot stabilize, a short-term pullback (downward) is likely.
· Strong resistance zone: 2350-2400 range. This is the critical point that determines whether ETH can break out of its bottom consolidation and initiate a medium-term rebound.
· Key Support
· First support: 2150-2155
· Core support: 2000-2020 range.

Short-term Trading Strategy
Aggressively support at 2172-60 with a small position to go long
Or wait for the price to fall back to around 2150 and show signs of stabilization before entering long
Summary

Currently, Ethereum's upward movement is driven by news sentiment recovery rather than a trend reversal. The early session indicates that the bullish momentum is experiencing a temporary exhaustion; the price is likely to retrace and test the support strength in the 2150-2173 area, so blindly chasing highs is not advisable.