ETH is at a high consolidation phase within an ascending channel on the 1-hour level. The bullish trend remains intact, but the short term faces strong resistance at 2,167 and a need for overbought correction. The next 1-2 hours are crucial; if it breaks above 2,168, it will open new upside space; if it faces resistance and pulls back, it will likely retest 2,148 for support.

Currently, ETH is in a weak oscillating consolidation phase on the 4-hour level, constrained by the middle band of the Bollinger Bands.

Bullish condition: Requires a large bullish candle with volume expansion to break above 2,162 and hold steady, confirming the continuation of the rebound, with targets at 2,200 level.

Bearish condition: If price faces resistance near 2,162 and pulls back, or breaks below 2,140, it will likely test the validity of the previous low support at 2,097 again.

Operation suggestions: Currently in a "resistance above, support below" squeeze market with unclear direction. A prudent strategy is to wait and observe, consider following long positions only after price breaks above 2,162, or wait for a pullback to around 2,100 to stabilize and attempt short-term longs. Avoid blindly opening positions in the middle of the current narrow oscillation range. $ETH