Ethereum has formed a large bearish candlestick at a high level, releasing selling pressure, but has not reached overbought or oversold zones, indicating weak short-term momentum.

However, from a long-term perspective, the bullish trend still dominates.

Long positions can be established around 2430, and for a more conservative approach, a second buying point can be set at 2400, targeting 2600$BTC $ETH .