From a technical perspective, ETH's intraday trend is mainly oscillating with a slight bearish bias. There is a need for a pullback on the daily chart, and both bulls and bears are at a stalemate on the 4-hour cycle, while short-term bearish forces have a slight upper hand. A strong resistance and support has formed around 2550, with the price likely oscillating around this level. Pay close attention to the support level at 2500; if this support holds, the market will maintain its oscillating pattern; once it breaks, the price may accelerate downward.
