$ETH 6 On the evening of the 23rd:

General Direction: Today is mainly a rebound and repair rhythm.

ETH has just experienced a deep pullback from both the 1H and even the daily chart, and is currently in a short-term oversold rebound phase.

The current European session (London) has lifted, and tonight we will focus on whether the US session will continue this trend,

The key level for distinguishing between long and short positions mainly looks at the 2260–2280 range to see if it can consolidate. If broken, we will look at 2320–2350, and even attempt above 2400. For long positions, it's also advisable to take partial profits at the target to avoid being overly greedy and prevent a pullback after a surge.

Since this is a corrective rally, even if there is local divergence or momentum exhaustion, it is more about short-term bulls resting and consolidating rather than a major trend reversal leading to new lows. Therefore, be cautious about shorting and take profits when possible.

2240 and 2200 are the support levels below.