Daily market analysis - ETH

Based on the 2-hour cycle chart, Ethereum fluctuates between 2710 and 2545. Currently, the 2545 support has rebounded, but shorting is not recommended at this position.

If the support is effective, the price may rise back to 2700. It is recommended to pay attention to the break of the support level. If it breaks, you can consider shorting with a target of 2420.