$ETH : Stabilizing After a Volatile Pullback ​The price of Ethereum ($ETH) is currently trading at $2,331.07, reflecting a daily decline of -1.70%. The 1-hour chart shows the asset attempting to establish a base following a sharp rejection from its daily peak. ​Price Action Summary ​Current Price: $2,331.07 ​24h High: $2,382.99 ​24h Low: $2,311.46 ​24h Vol (ETH): 129.56K ​24h Turnover (USDT): 304.00M ​Market Analysis ​The technical profile for $ETH shows a period of cooling off after testing upper resistance. After reaching a 24-hour high of $2,382.99, the price faced significant selling pressure, characterized by a series of lower highs on the hourly timeframe. The price found immediate support at $2,311.46 before staging a modest recovery to its current levels. ​Key Technical Levels: ​Resistance: The immediate hurdle for bulls is the $2,344.00 level, which previously acted as a pivot zone. Reclaiming the $2,382.99 peak is necessary to shift the short-term trend back to bullish discovery. ​Support: Strong immediate support is established at the recent low of $2,311.46. A failure to hold this level could lead to a test of the $2,300 psychological floor. ​Trend: The 1-hour chart displays a transition from a sharp descent into a horizontal consolidation phase. The most recent candles show reduced volatility, suggesting that the initial aggressive selling has slowed as market participants wait for the next catalyst. #DailyOrbit @OKX中文