The cryptocurrency market has recently undergone a significant adjustment, and the performance of Ethereum is particularly noteworthy. Although the weekly chart will not officially close until tomorrow morning, the current trend indicates that the upper shadow formed over the past month has already had a noticeable impact, resulting in a significant bearish candle this week.

The price is encountering strong resistance in the 2400 USD region, making it difficult to break upwards. This area seems to have formed a distinct heavy pressure zone, making it challenging to break through in the short term. From a technical analysis perspective, the monthly cycle has not yet completed, and there remains uncertainty and variability in market trends.

For investors currently trapped in their investments, it may be necessary to adjust expectations and look at a longer time horizon. Whether the market can usher in a strong upward trend in the second half of the year will be a key factor in determining whether short-term trapped funds can be liberated.

However, investors should recognize that, from a technical perspective, a significant resistance level has indeed formed around the $2400 area, which may require more time and market catalysts to effectively break through. Before making investment decisions, one should fully consider the impact of this technical formation.