2.24 ETH Market Analysis

From a broader perspective, Ethereum hasn't fully retraced yet, but currently, it's not a good time to go short at this position. What to watch for today is whether the price breaks below the four-hour level at 1800 and whether it can close above that level. If it can close above 1800, attention should be paid to this level, as it may trigger a rebound after an oversold condition. However, the rebound is unlikely to be strong, so entry points at this level are considered left-side entries. Conservative traders can patiently wait for opportunities on the right side. In summary, the intraday trend remains mainly sideways, with support at 1800-1750 and resistance at 1920-2000.