The current price is oscillating in the range of 2380-2400, with the market repeatedly washing out positions, indicating that there are a large number of stop-loss points for short positions and take-profit points for long positions. The main force is controlling the market here, and it is currently unable to release direction.

The support area below is at 2320-2350, with a noticeable increase in liquidation intensity; the large areas of yellow and green indicate that there are many stop-loss points for long positions. As long as the price breaks below 2400, the market may quickly retest this area, and the main force may actively push down to "eat" these stop-loss levels before rebounding.

The resistance area above is at 2440-2480, where there are a large number of short positions pending and a dense liquidation layer. If the price can hold above 2400 in the short term, it may challenge these short stop-loss areas. However, there is significant upward pressure, and a breakout will require increased volume or external news support.

In the short term, the market shows a weak oscillation, with a high risk of a downward trap. ETH's rebound is weak, and there are currently no clear signals for long positions. If it breaks below 2375, it may trigger the stop-loss area below (2320-2350), likely washing out positions before pulling back up. If it can strongly hold above 2410 and break through 2440, it may challenge the liquidation area above 2480+.

Trading suggestions (for reference only)

Break below 2375 | Short follow-up, target 2330-2340, pay attention to taking profit

Retest near 2320 without breaking | Light position long, set stop-loss at 2290, looking for a rebound

Breakout with increased volume above 2440 | Follow the trend to go long, short-term target 2480-2500

Tonight's market is likely to be a downward trap, with a greater possibility of first pushing down and then pulling up. Before a real rally, the main force may first wash out the bottom long positions before reversing upward. The suggestion is to trade lightly with a focus on quick entries and exits.

Recent focus: ETHFI SUI