$ETH Scenarios:

Bullish:

If ETH holds above 2424 and breaks 2480 on volume — a possible local reversal with a target of 2540+.

Bearish:

If it fails to hold above 2420, and the price goes below 2360 — a retest of 2320–2300 is likely.

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Conclusion:

The hourly chart shows signs of recovery after the fall, but the key resistance at 2425–2430 has not yet been broken. The decision is either to short from resistance or to enter long after holding above 2430 with a short stop.