The current quote for ETH is 2531, with daily trading volume continuously decreasing, forming a small bullish candlestick similar to a doji, suggesting a lack of clear direction in the short term. The 4-hour chart shows that Ethereum is compressing between 2447 USD and 2630 USD, with a breakout potentially triggering significant volatility. Ethereum's price is oscillating at a high level between 2500 USD and 2600 USD, with an unclear short-term direction; a breakout above 2630 USD is needed to confirm an upward trend. Institutional accumulation and technological upgrades are long-term positives, but supply expansion and Bitcoin's market dominance may limit short-term gains.

ETH Resistance: 2730 USD is the recent resistance; a breakout could challenge the 2814 USD to 2851 USD range. The daily chart forms a bullish 'flag' pattern, with a target resistance at 3030 USD to 3040 USD.

ETH Support: 2447 USD is the key short-term support; a drop below this level may test 2200 USD or lower, in the range of 2070 USD to 2168 USD.