**ETH surged higher and fell back in the short term, the trend is bullish but the momentum is weakening** ETH entered a high level after experiencing a strong rise. The overall structure still maintains a bullish pattern, but the upward momentum has significantly slowed down. The short-term key support is located in the range of 2385-2400 US dollars. If this area fails, it may further drop to around 2300 US dollars; the upper pressure is concentrated on the previous high of 2546 US dollars, and a breakthrough can open up new space. The current main risk lies in poor coordination between volume and price, accumulation of selling pressure at high levels, and vigilance for rapid retracements after failed attempts to reach higher levels.