$ETH surged and then met resistance and pulled back; now is it a pullback to consolidate and build energy, or will it rise again soon to reach its next stop? $BTC
Ethereum surged upward again, tapped the 2520 high, then came under pressure and pulled back. The current price is around 2493, moving back and forth in the range. Overall, the larger bullish trend remains intact. However, after the spike, selling pressure has started to show, and the market has reached a critical decision point.
The immediate overhead resistance is at 2520. To open new upside space, it must break above and hold this high on increased volume; otherwise, it’s easy to keep running into resistance and pulling back repeatedly. $SNDK
The first support below is 2455—an important defense level in the short term. Deeper “lifeline” support is at 2387. If that level is broken, the rhythm of this rebound will likely be disrupted.
The 1-hour MACD remains above the zero line. Bullish momentum is still there, but it no longer has the same aggressive push as before. The 24-hour trading volume is 12.7 billion, and market capital competition remains intense.
Now, market views are split. Some expect a breakout to continue higher, while others believe a deeper pullback will occur here.
Whether it’s a temporary pullback followed by another push to break higher, or whether the bulls’ strength is exhausted and a correction begins—subsequent level breakouts and failures will provide the answer.
In high-level price action, avoid chasing blindly. No matter the direction, risk control must come first.
If you’re still confused about your trades and truly want to get back to break-even and turn things around, “Gege” is waiting for you to rejoin the team.
Ethereum surged upward again, tapped the 2520 high, then came under pressure and pulled back. The current price is around 2493, moving back and forth in the range. Overall, the larger bullish trend remains intact. However, after the spike, selling pressure has started to show, and the market has reached a critical decision point.
The immediate overhead resistance is at 2520. To open new upside space, it must break above and hold this high on increased volume; otherwise, it’s easy to keep running into resistance and pulling back repeatedly. $SNDK
The first support below is 2455—an important defense level in the short term. Deeper “lifeline” support is at 2387. If that level is broken, the rhythm of this rebound will likely be disrupted.
The 1-hour MACD remains above the zero line. Bullish momentum is still there, but it no longer has the same aggressive push as before. The 24-hour trading volume is 12.7 billion, and market capital competition remains intense.
Now, market views are split. Some expect a breakout to continue higher, while others believe a deeper pullback will occur here.
Whether it’s a temporary pullback followed by another push to break higher, or whether the bulls’ strength is exhausted and a correction begins—subsequent level breakouts and failures will provide the answer.
In high-level price action, avoid chasing blindly. No matter the direction, risk control must come first.
If you’re still confused about your trades and truly want to get back to break-even and turn things around, “Gege” is waiting for you to rejoin the team.
