Recently, the Auntie market has shown a clear oscillating pattern, with frequent shifts between long and short positions, lacking continuity. Yesterday morning, the price dipped to the 2500 line before rebounding, and in the evening, after reaching 2600, it faced pressure and fell back, hitting a low of 2520 before recovering. Currently, it is in a tug-of-war between bulls and bears. The current market is mainly characterized by range-bound oscillation, with no obvious one-sided trend. The daily chart shows that the price continues to be blocked at high levels, with insufficient upward momentum, necessitating caution against the risk of a pullback. The 4-hour chart is also in an oscillating range, with resistance at the 2630 area and support around 2590. As the oscillating range continues to narrow, once an effective breakout occurs, a significant one-sided market is expected. The intraday trading suggestion is to maintain a bearish outlook; if the resistance level is not broken, continue to short.

Short Ethereum at 2630-2640, targeting 2550-2570.
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