ETH Market Analysis:
The current price of Ethereum is 2838. On the 4-hour level, ETH has entered a consolidation phase after a correction from 3650 to 2620, with short-term support multiple times around 2800, but overall it remains in a corrective structure with limited rebound strength. Support below: 2780 / 2700 / 2620, resistance above: 2920 / 3050
The hourly trend shows that bearish momentum has weakened, and the price is oscillating repeatedly within a range. If it can effectively stabilize above 2920–2950, there is hope for a short-term rise to 3050; if it falls below 2780, attention should be paid to 2700, as a breach may lead to a retest of 2620. ETH is still in a 4H corrective repair phase; without breaking 3050, we cannot discuss a strengthening, and 2620 is a key defensive position. Treat it as oscillating within a range, patiently waiting for directional choice.
Action Suggestions:
Long Position: Around 2800, targets 2850, 2900, 3000
Short Position: Around 2950, targets 2900, 2700, 2600
