Ethereum was driven by the strength of the US stock market last night, continuing its upward trend overnight, reaching a high of around 2385 before encountering resistance. Currently, it has fallen back to around 2352 for consolidation.

From the four-hour structure, the overall trend remains bullish, with prices operating in the upper-middle band. Bulls and bears are repeatedly fighting at high levels, with the short-term rhythm leaning strong but the upward momentum beginning to slow down. Key resistance above is in the 2400-2415 range; if this is not broken, the bullish space will be difficult to further expand.

The current price is already at a high stage; chasing long positions further is not cost-effective. Intraday, it is more likely to see a pullback for correction.

In terms of operation ideas, prioritize partial short positions in the 2370-2390 range, and watch the support around 2300 below; if the price pulls back to the target area without a continued breakdown, consider reversing to long positions accordingly.