Today, the Ethereum (ETH) market shows a clear M-shaped pattern, which often indicates a possible pullback. The daily chart shows that ETH reached a high of $2521, then fell to a low of $2431. It is worth noting that the market experienced a deep V rebound at midnight, with the price approaching the $2520 level again.

From a technical perspective, the double top pattern on the hourly chart is gradually taking shape, with the resistance level around $2520 and the support level at $2430. The KDJ indicator has begun to turn downwards, which is usually seen as a bearish signal. Although the MACD indicator remains above the zero line, it is slowly approaching it, and the highs are also gradually decreasing. These signs all suggest that the market may be facing downward pressure.

Based on the current market situation, investors may need to maintain a cautious attitude. If the ETH price approaches key resistance levels such as $2500, $2520, or $2560 again, shorting opportunities may arise. The potential downside target range could be between $2430 and $2350.

However, the market changes rapidly, and investors should conduct a comprehensive market analysis and fully consider their own risk tolerance before making any trading decisions. At the same time, they should closely monitor macroeconomic factors and industry news that may affect the price of ETH.