The overall performance of ETH in the current market remains weak. Although there has been a slight rebound, it has only risen to around the high point of the 14th, with significant momentum lacking. In terms of altcoins, most cryptocurrencies have not recovered their previous losses, except for a few projects, and the overall market sentiment remains cautious.

From a four-hour perspective, the previously mentioned resistance level of 2760 has not been effectively reached, and the price has come under pressure and retreated near the previous high point.

In the short term, attention should be focused on the support range of 2560-2600 (previous resistance turned support), followed by observing the defense strength in the range of 2320-2450. If the pullback continues, the range of 2000-2200 will be our key area of focus for bottom fishing.