Current ETH price is $2,235, still within the $2,220–$2,300 fluctuation range, with short-term support effective but upward momentum insufficient.

⚠️ Market sentiment is cautious, mainly due to:

1. Iran's plans to close the Strait of Hormuz affecting geopolitical tensions, putting pressure on risk assets;

2. Strong U.S. Treasury yields absorbing liquidity, putting pressure on virtual assets due to capital inflow.

🔍 From a technical perspective:

• Multiple dips to $2,220 have not broken, short-term support is effective;

• A breakout above $2,300 is needed to open up upward space;

• A drop below $2,200 could trigger a new round of declines, risk management is crucial.

🎯 Current recommendation: Hold and observe at low levels, watch for a breakout opportunity at $2,300; if it drops below $2,200, consider stop-loss or reverse operations.