After ETH saw a spike and then pulled back yesterday, it has continued to trade roughly around 1,880 in today’s session. In the short term, the direction remains unclear. Since the daily-level broader consolidation range of 1,840–1,956 has yet to be broken, the current strategy is still mainly to sell at the top of the range and buy at the bottom; you should not chase orders in the middle zone.
After yesterday’s low of 1,862, ETH quickly recovered, suggesting that around 1,860 there is still support/absorption. In the short term, focus on 1,875. If price can continue to hold above it, it can serve as a relatively better spot to buy the dip. On the upside, watch levels in sequence: 1,915 → 1,935 → 1,950/1,956. Currently, the 15-minute high keeps being suppressed by a descending trendline; before the trendline is broken, rebounds should be treated first as internal repairs within the range.
On indicators: the 15-minute MACD has turned weaker again, and the RSI has fallen back into a relatively weak area. This indicates that the long momentum around 1,880 is insufficient. Therefore, whether 1,875 can hold is more important than the minor fluctuations around 1,880. If 1,875 breaks down, then refocus on 1,860 and the daily core support at 1,840.
From a funding/flow perspective, continue to be cautious about the recent shift in BTC spot ETF flows turning to net outflows. If funding flows do not improve further, and BTC breaks below 62,300, be wary that the overall market could weaken again and lead ETH to test 1,840—even potentially break below it.
Summary: Hold 1,875 for a slightly dip-buy setup, and look for resistance progressively above 1,915. As long as 1,840–1,956 remains unbroken, the overall outlook is still defined as daily-range consolidation.
After yesterday’s low of 1,862, ETH quickly recovered, suggesting that around 1,860 there is still support/absorption. In the short term, focus on 1,875. If price can continue to hold above it, it can serve as a relatively better spot to buy the dip. On the upside, watch levels in sequence: 1,915 → 1,935 → 1,950/1,956. Currently, the 15-minute high keeps being suppressed by a descending trendline; before the trendline is broken, rebounds should be treated first as internal repairs within the range.
On indicators: the 15-minute MACD has turned weaker again, and the RSI has fallen back into a relatively weak area. This indicates that the long momentum around 1,880 is insufficient. Therefore, whether 1,875 can hold is more important than the minor fluctuations around 1,880. If 1,875 breaks down, then refocus on 1,860 and the daily core support at 1,840.
From a funding/flow perspective, continue to be cautious about the recent shift in BTC spot ETF flows turning to net outflows. If funding flows do not improve further, and BTC breaks below 62,300, be wary that the overall market could weaken again and lead ETH to test 1,840—even potentially break below it.
Summary: Hold 1,875 for a slightly dip-buy setup, and look for resistance progressively above 1,915. As long as 1,840–1,956 remains unbroken, the overall outlook is still defined as daily-range consolidation.