This is ETH/USDT, 4-hour chart

From the perspective of technical analysis:

• Trend line: There is an upward trend line (supporting the price upward) and an upward pressure line (suppressing the price increase). The price forms a triangular convergence pattern between the two lines, close to choosing a breakthrough direction.

• Key price: The upper pressure level (2687.62) and the short layout point (2649.69) are marked on the right. The first stop profit is at the local support (2584.04, 2550.00)

If it falls below the local support, the bottom support (2471.71) can be seen, which can assist in judging the buying and selling points and the risk range.

• Current status: The current price is 2624.38, which is in a triangle pattern. If it breaks through the pressure level upward in the future, it may open up room for growth; if it breaks through the trend line, it may test the support downward, but the cryptocurrency market is volatile and risky, and it needs to be judged by combining more factors.