ETH rally failure signal appears! Clear resistance above 2310, a retracement structure is forming within the day.

Current Price: 2316.41
First, the conclusion: After a continuous rebound, ETH’s short-term momentum is beginning to weaken. Currently, it leans more towards a “high-level consolidation turning weaker + retesting correction” structure, with a slightly higher probability of oscillating downward intraday.

1. 4-hour timeframe: Rebound ended, entering a high-level consolidation phase that is somewhat weak

Failed to break through with increased volume after pushing up to 2350

The highs are gradually stagnating, and momentum is clearly waning

MACD at high levels is losing momentum, with the red bars shortening

Bollinger Bands are narrowing, price returning to the middle band

Core judgment:
The 4-hour chart shows a high-level consolidation after the rebound, operating in a somewhat weak manner

2. 1-hour timeframe: Short-term structure weakening, initial signs of a pullback

Multiple rebounds are being resisted in the 2330-2350 range

Upward momentum is significantly weakening, shifting to sideways movement

Moving averages are flattening and slightly turning

MACD bearish momentum is beginning to dominate

Short-term rhythm:
Expect to push higher → sideways consolidation → increased likelihood of a pullback

3. Intraday trend projection
   If unable to regain stability above the 2330-2350 range:

More likely to oscillate downward intraday

First test: retest the 2300 support level

If broken, further decline toward around 2270 is possible

4. Direct trading strategy (as required)
   Direction: Short (market order)

Entry price: around 2316.41

Take profit:
First target: 2293 (approximately -1%)
Second target: 2269 (approximately -2%)

Stop loss:
Stop loss level: 2351 (approximately +1.5%)

5. Key reminders

If the price strongly breaks through and stabilizes above 2350 → bearish logic invalidated

If it falls below 2300 → the pullback may accelerate