$ETH Brothers, does tonight’s price action look just like the “stable period” after a “roller coaster”? After pulling back from the high at 2667, it’s now hovering around 2525. Many people are asking: is this about to see a breakout, or is the main force just shaking out positions?
My thinking is very straightforward:
First, look at the support zone 2500–2510.
This is the confluence of the 15-minute Bollinger Band midline and the previous consolidation platform—your dual line of defense. As long as the price retests here without volume surging to break it down, it’s an excellent “get-in” opportunity, not a top signal.
Second, watch the resistance area 2570–2600.
For the short term to regain its uptrend, it must break higher and hold above 2570 with strong volume. Only then can it attempt to challenge the previous high at 2667 and even push toward the 2700 psychological level.
Third, don’t blindly bottom-fish after a sharp drop.
The current price is still far from the moving averages, suggesting a technical correction is needed. Chasing higher right now could easily get you trapped near the top. Wait for a pullback and confirmation of support before entering—it’s safer.
So tonight’s strategy: pull back to around 2500 and find stabilization → enter longs in batches; break above 2570 with volume → add positions in line with the move. If 2480 is effectively broken to the downside, then consider cutting losses and exiting.
I never blindly guess the top or the bottom when trading—I follow the trail left by the “big whales.” Whether tonight’s ETH can launch a second wave ride depends largely on the strength of the 2500 support! Want the exact plan for how to set up positions to catch the main upswing? Message me directly and let’s talk!!
My thinking is very straightforward:
First, look at the support zone 2500–2510.
This is the confluence of the 15-minute Bollinger Band midline and the previous consolidation platform—your dual line of defense. As long as the price retests here without volume surging to break it down, it’s an excellent “get-in” opportunity, not a top signal.
Second, watch the resistance area 2570–2600.
For the short term to regain its uptrend, it must break higher and hold above 2570 with strong volume. Only then can it attempt to challenge the previous high at 2667 and even push toward the 2700 psychological level.
Third, don’t blindly bottom-fish after a sharp drop.
The current price is still far from the moving averages, suggesting a technical correction is needed. Chasing higher right now could easily get you trapped near the top. Wait for a pullback and confirmation of support before entering—it’s safer.
So tonight’s strategy: pull back to around 2500 and find stabilization → enter longs in batches; break above 2570 with volume → add positions in line with the move. If 2480 is effectively broken to the downside, then consider cutting losses and exiting.
I never blindly guess the top or the bottom when trading—I follow the trail left by the “big whales.” Whether tonight’s ETH can launch a second wave ride depends largely on the strength of the 2500 support! Want the exact plan for how to set up positions to catch the main upswing? Message me directly and let’s talk!!
