Ethereum was driven by the strength of the US stock market last night, continuing its upward trend overnight, reaching a high of around 2385 before encountering resistance. It has currently pulled back to around 2352 for consolidation.

From the four-hour structure, the overall still maintains a bullish pattern, with the price operating in the upper-middle band area. Bulls and bears are repeatedly fighting at high levels, with the short-term rhythm leaning strong but the upward momentum beginning to slow down. The key resistance zone above is 2400-2415; if this is not broken, the bullish space will be difficult to further expand.

The current price is already at a high stage; continuing to chase long positions is not cost-effective. Today, it is more inclined to see a retracement correction.

In terms of trading strategy, prioritize partial short positions within the 2370-2390 range, with attention to support around 2300 below; if the price falls back to the target zone without a sustained breakdown, consider reversing to long positions accordingly.