$ETH #ETH If I have to keep only one observation price in this round, I would choose 2,488.64. Current price: 2,463.91. In the past 1 hour: -0.32%, in the past 24 hours: -0.77%. The gains and losses around the center axis can help filter out a lot of intraday noise.
The price has not yet reclaimed 2,488.64. For now, treat the current rebound as a weak repair; a true turn for the better needs to be proven by a stable close. If it turns weak again, 2,453.97 is the next level to observe whether the sell pressure is fading.
The current price is near the lower bound of the last 24 hours’ range: 1 hour -0.32%, 24 hours -0.77%. The core of low-level analysis isn’t about catching the bottom early—it’s about watching whether, after a breakdown, price can quickly reclaim. If it can reclaim, it indicates that sell pressure is being absorbed; if it continues to linger below the lower bound, it means weakness is not over.
My scenario work isn’t betting on a single direction. If price breaks above 2,523.3 and can hold, it means the upside space has been reopened. If it breaks below 2,453.97 and fails to reclaim on the retest, it indicates the structure has weakened further. If it trades between the two, we should keep observing the closing behavior on both sides of 2,488.64.
For those who already hold positions, the key is to manage based on whether support is failing—not to be carried around by every fluctuation. For those with no positions, prioritize waiting for a breakout with a retest, or for support confirmation. Spot holdings can be built in batches; for futures, shorten the decision chain: first determine the stop-loss level, then decide whether to participate.
The market will ultimately validate viewpoints through price action. Which do you think is most critical right now: the breakout of 2,523.3 or the defense of 2,453.97? Let’s track the subsequent results together.
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