Ethereum rebounding at support, the bullish structure remains unchanged!

Yesterday, Ethereum closed several consecutive bearish candles intraday, with the lowest retracement near 2260, then received buying support at the low, completing a pullback confirmation of the previous breakout platform.

From the four-hour chart, this correction is a typical "breakout followed by a pullback." Although the price broke below the short-term moving average, the MACD indicator showed a death cross above the zero line, with the green bars beginning to shrink, and the downward momentum significantly weakened, indicating that the selling force of the bears has exhausted. Currently, the price is right at a key support zone, with a clear upward trend line underneath providing a floor. As long as this level holds, the overall upward channel remains intact. The current pullback is the best accumulation phase for the bulls.

Go long near 2300 directly, with the first target at 2380, and a breakout above that to 2470.