The ETH daily chart shows a small bearish candle with short upper and lower shadows, and the trading volume is slightly larger than the previous day, indicating a normal pullback trend.

The daily MA30 line maintains a slight upward trend, and the MACD shows weakening upward momentum near the zero line.

The price increase has encountered resistance at the daily MA120 line, leading to a pullback trend. The body of the bearish candle exceeds half of the body of the previous bullish candle, and there will still be a normal downward pullback in the short term, so there's no need to worry too much.

As we've mentioned many times about Ethereum, Grayscale's selling pressure still exists, but the weak situation will not last forever. The period of bottom consolidation has been long enough, and the trend will slowly reverse, so just wait patiently.

The daily level resistance points are 2774-2855-3060-3290, and the support points are 2550-2420-2340.