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After falling from the 2416 high point and rebounding, ETH has completed the PO3 structure and entered the distribution zone. The rebound at 2360 faced resistance, the previous high was not broken, and selling pressure is evident. The Dow Theory structure remains relatively weak.
Trading volume continues to shrink, and the market is about to choose a direction. Watch for support at 2330-2300; a break below would mean a further correction.
Only if it stabilizes above 2400 can it have the chance to retest 2416. During the consolidation period, avoid frequent trading and patiently wait for a breakout signal. #币圈 ##区块链 #
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