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🤯Ethereum's midnight volatility before the shift: Is 2370 within reach? The battle between bulls and bears is about to erupt! $ETH Brothers, this wave of Ethereum is quite interesting. It peaked at around 2372 during the day; although it didn't stabilize, the momentum is clearly different, and the whole market is waiting for a direction. First, let's look at the price—over the past 24 hours, it has risen by more than 7 points, and the cumulative increase over 7 days is close to 10%. It has pushed up from around 2100 and has already touched the critical resistance zone of 2300~2350. From the daily chart, a converging descending wedge structure is narrowing, and a directional breakout is likely to occur from the end of April to the beginning of May. When that moment arrives, the volatility will definitely be significant. There are quite a few tricks hidden on-chain. Over the past period, more than 135 million USD worth of ETH has quietly flowed out of trading platforms, and whale positions have returned to profitability—this is not noise that retail investors can create. Network activity remains high, with nearly 788,000 daily active addresses—which means that the price fluctuations haven't scared away the real participants. However, on the other side, the funding rate data is not so optimistic. The funding rates for perpetual contracts on most platforms are in a low or even negative range, and the overall sentiment in the derivatives market is bearish, with shorts continuing to dominate the pricing power on the contract side. This creates a typical contradictory situation: spot prices are pushing up, while contracts are pressing down, and the market divergence is getting larger. This stage of 'bull-bear tug-of-war' often indicates that a real directional choice is not far off. In the short term, whether 2300 can effectively stabilize is key—if it can hold above, 2400~2500 is possible; if it can't hold, 2100~2150 may need to be tested again. Whether up or down, significant volatility is just around the corner. Keep an eye on the market and maintain your positions.