The Ether has been oscillating upward, currently reaching around 2870, with an intraday increase of nearly a hundred points. The price surge is quite strong, but it has not managed to break through the 2900 mark. This indicates that there is still significant resistance above.

From the 4-hour perspective, the market has recently formed a double bottom structure in the 2704-2733 range, with a short-term key resistance located near the 2860 line.

Although the daily level has consistently closed with long lower shadows in the 2623 area, indicating that there is buying power at lower levels, the closing price has always been constrained by the 7-day moving average resistance, and the overall moving average system still presents a bearish arrangement, with the downward trend not yet reversed.

It is recommended to go short near the 2900 line and watch for a decline towards 2600.