Damn it, $ETH —this move really plays with people’s minds. Bears don’t dare short, bulls are afraid of chasing highs.
After $ETH pulled back from the top, there hasn’t been a continuous sell-off. Instead, it has been repeatedly consolidating and holding around 2400. #ETH走势分析
This shows that even though the shorts want to push it down, the underlying capital hasn’t completely given up, and the bulls’ structure is still temporarily intact.
Now the key area to watch is 2400–2420. As long as this zone holds, there should still be a chance for the short-term to keep repairing upward—first looking at 2500. After a breakout, then watch around 2550.
But if 2400 is breached—especially if it falls below the 2380 defense level—then it would suggest that this strong pullback may deepen further, and the approach needs to be adjusted accordingly.
The shorts wait for the drop, while the longs fear chasing. This is exactly when the market is most likely to create divergence in sentiment. #Solana启动治理投票拟通缩率翻倍 #加美贸易谈判破裂或引发新关税
After $ETH pulled back from the top, there hasn’t been a continuous sell-off. Instead, it has been repeatedly consolidating and holding around 2400. #ETH走势分析
This shows that even though the shorts want to push it down, the underlying capital hasn’t completely given up, and the bulls’ structure is still temporarily intact.
Now the key area to watch is 2400–2420. As long as this zone holds, there should still be a chance for the short-term to keep repairing upward—first looking at 2500. After a breakout, then watch around 2550.
But if 2400 is breached—especially if it falls below the 2380 defense level—then it would suggest that this strong pullback may deepen further, and the approach needs to be adjusted accordingly.
The shorts wait for the drop, while the longs fear chasing. This is exactly when the market is most likely to create divergence in sentiment. #Solana启动治理投票拟通缩率翻倍 #加美贸易谈判破裂或引发新关税