ETH price action is relatively weak, and the thinking mainly focuses on selling from high levels.

Yesterday’s overall rhythm was a range-bound, slow rise, and the price is now clearly running into resistance around 2346. This rebound is more like a repair after the earlier decline, rather than a true reversal in the real sense. Although the price has moved higher, follow-through is insufficient, and upside momentum is weak.
From the four-hour structure, the Bollinger Bands are tightening/contracting, and the overall bias still leans downward. Earlier, supported by 2250, a stretch of consecutive green candles formed, but it stalled near the middle band. The bulls failed to open further space, indicating that overhead pressure still exists.
For intraday trading, prioritize shorting into strength. Refer to the 2315-2340 range for staggered short entries. The initial target is to look toward the 2250 area first; if price breaks down, it may continue to probe toward around 2200.
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