$ETH follows the market index higher strongly. After rebounding from the 2222 low point, it surged up to 2359.68. Overall, the upward channel remains intact.
On the 4-hour timeframe, moving averages are diverging upward. After prices pull back, they quickly rebound; the brief decline on the smaller timeframes is merely a correction/whipsaw within the ongoing uptrend. MACD remains above the zero line, bullish momentum is strong, net capital inflows are持续, and pullbacks do not change the overall upward structure.
Key support below: 2300–2315, with core defense at 2270;
Resistance above: 2359. A breakout will open up a new round of upward room.
Hold the 2300 area to keep the bullish trend going. If there is an effective breakdown below 2270, the short-term upward rhythm will be disrupted.
Trading outlook:
When the 2300–2315 zone stabilizes after a pullback, set up long positions. Place a stop-loss below 2260. The first target is 2359; if it breaks out further, look toward 2420.
On the 4-hour timeframe, moving averages are diverging upward. After prices pull back, they quickly rebound; the brief decline on the smaller timeframes is merely a correction/whipsaw within the ongoing uptrend. MACD remains above the zero line, bullish momentum is strong, net capital inflows are持续, and pullbacks do not change the overall upward structure.
Key support below: 2300–2315, with core defense at 2270;
Resistance above: 2359. A breakout will open up a new round of upward room.
Hold the 2300 area to keep the bullish trend going. If there is an effective breakdown below 2270, the short-term upward rhythm will be disrupted.
Trading outlook:
When the 2300–2315 zone stabilizes after a pullback, set up long positions. Place a stop-loss below 2260. The first target is 2359; if it breaks out further, look toward 2420.