The big pancake is currently hovering around 78,700. The 80,000 level was not successfully defended today, and during the session the low reached 77,851. The 78,500 area is the nearest support/consolidation zone right now; if it breaks, we need to watch the 77,850 to 77,000 range. If this area can still hold, the current upswing is still likely to be a high-level consolidation. On the upside, price first needs to reclaim 80,000, then break above 80,124 in order to test around 81,200 again.
ETF inflows are still coming in, which means you shouldn’t directly interpret this pullback as a trend reversal. However, before 80,000 is regained, it’s also not appropriate to treat every rebound as a breakout.
As for Ethereum, the intraday low at 2415 has already provided a short-term support level. If 2415 to 2400 holds, there may still be an opportunity to retest 2490 and 2500 later. If 2400 breaks, the market will re-evaluate the strength of this rebound/repair. ETH’s ETF inflow is higher than the previous day—liquidity conditions haven’t worsened—but price is still being influenced by the big pancake’s pullback. So the short-term focus is not chasing gains; it’s about observing whether an effective turnover (sustained trading/rotation) can form above 2400.
ETF inflows are still coming in, which means you shouldn’t directly interpret this pullback as a trend reversal. However, before 80,000 is regained, it’s also not appropriate to treat every rebound as a breakout.
As for Ethereum, the intraday low at 2415 has already provided a short-term support level. If 2415 to 2400 holds, there may still be an opportunity to retest 2490 and 2500 later. If 2400 breaks, the market will re-evaluate the strength of this rebound/repair. ETH’s ETF inflow is higher than the previous day—liquidity conditions haven’t worsened—but price is still being influenced by the big pancake’s pullback. So the short-term focus is not chasing gains; it’s about observing whether an effective turnover (sustained trading/rotation) can form above 2400.
