From a one-hour level perspective of Ethereum, after breaking below 2340, a bottom-range consolidation trend has begun, but it’s worth noting that the 2300 level has never actually been broken.

From the 48-hour liquidation view, there is some support around 2285, but not much, so the willingness to dip again and trap buyers is not very strong.
There are more support zones above, so the probability of a bullish liquidation is higher than a decline.
A further dip to trap and shake out traders is still possible, but whether it’s a dip to trap and shake out or continued consolidation, the move is at least to test higher levels, especially since the support above 2400 is very attractive.
Currently, based on the pattern, Ethereum remains near the lower edge of the four-hour triangle pattern, with support between 2280-2300.
As long as this range is not effectively broken downward, the pattern remains valid, and there is still room for a rebound.
Over the weekend, there was not much volume inflow, so the suggested trading approach is mainly to go long on dips for a swing.
Ethereum: Long at 2308, target 2368.
Stop loss 30 points.
#BTC #ETH