The afternoon market overall remains in a high-level range with oscillation and consolidation. The short-term direction is not yet clear, and the key rhythm will depend on the strength or weakness threshold after the US stock market opens tonight.

The trend on the chart closely monitors the four-hour closing line to identify the subsequent bullish or bearish trend; currently, the price repeatedly tests the 72,000 level but has not yet formed an effective breakout. The afternoon trend is generally bullish, but indicators remain in the overbought zone and have not fully recovered, so there is still a potential risk of a pullback and correction. The key support level below is the 71,000 mark, and it is important to see if this core support holds firmly.

For Ethereum, the critical support at the bottom is the 2200 level; if the daily chart can stabilize above 2200, the bullish trend will have further room to continue. Tonight’s US stock market movement may influence the market’s direction. It remains to be seen whether the market will digest profits through phase consolidation or continue the strong bullish push. The short-term resistance above is focused at the 2280 level.