ETH delivered a textbook-perfect move today: starting from the 2085 low, it rallied 153 points over three consecutive 4H bullish candles to the 2288 high, gaining over 7.5%.

The core driver came from two volume breakouts—the first at the 1H level shot directly from 2112 to 2183 (Vol 40M), the second surged from 2179 to 2255 (Vol 50M), both accompanied by massive volume confirmation. However, the 2288 high displayed a classic liquidity sweep: the 5M level spiked higher then immediately reversed, with upper wick + 7M massive volume followed by a sharp drop to 2260, then entered a 2260-2270 consolidation zone.

The 1H closed a large bearish candle from 2279 to 2260 (-19 points), the first solid bearish candle since this rally began. The current 4H structure remains intact (three large bullish candles unbroken), 1H has not yet broken the 2255 key CHoCH level, but short-term momentum has clearly weakened, with 15M and 5M showing consecutive volume contraction and consolidation. The 2260 level has been tested 4+ times, holding each time but with decreasing bounce strength. Bulls need to reclaim 2271 and above to prove sustained strength, otherwise continued volume contraction and gradual decline risks breaking 2260 and retesting 2255. Currently in a contested zone—avoid chasing rallies or panic selling; wait for key level breakouts before entering. Operationally, prioritize longing pullbacks aligned with the 4H major trend, but must wait for confirmation signals and cannot catch falling knives. Shorting requires stricter conditions—at minimum requires 1H structure breakdown to justify countertrend shorts.