The Ethereum 4-hour level is currently in a range-bound oscillation. Today's key points to watch are the upper bound of the oscillation range at 2389 and the lower bound at 2270. As long as the support at 2270 holds, there is still a chance for a short-term rebound. Breaking above 2389 may test resistance levels at 2436/2490/2550. If the support at 2270 is lost, it will trigger a 4-hour level correction, and attention should be paid to support areas at 2203/2156/2112 below.

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