$ETH From 2565, it was pushed all the way to 2708, then pulled back to 2658 again—this long upper wick fully buried everyone who chased highs intraday.
The highlight of the long-versus-short battle isn’t the exact price level, but the rhythm: the shorts, above 2680, pushed the price down three times in a row. Each rebound’s high is lower than the last, suggesting the selling pressure overhead hasn’t lifted. The bulls, meanwhile, defended the 2565–2600 range and didn’t allow the market to break down into weakness. Neither side has dealt a decisive blow—they’re stuck here waiting for direction.
Support to watch: 2600 and 2565. Resistance to watch: 2680 and 2720. Only if price breaks above 2700 and holds steady will the bulls have the confidence to keep pushing. If it breaks below 2565, the structure changes. The stop-loss zone is below 2540—first look at 2720, then test 2780. If support breaks, don’t hold on.
$ETH Spot volume is $9.2 billion; no contraction in volume suggests capital is still active in the market—it just hasn’t chosen a direction.
Whoever breaks first on the 2600 line—bulls or bears—gets to decide.
#ETH
The highlight of the long-versus-short battle isn’t the exact price level, but the rhythm: the shorts, above 2680, pushed the price down three times in a row. Each rebound’s high is lower than the last, suggesting the selling pressure overhead hasn’t lifted. The bulls, meanwhile, defended the 2565–2600 range and didn’t allow the market to break down into weakness. Neither side has dealt a decisive blow—they’re stuck here waiting for direction.
Support to watch: 2600 and 2565. Resistance to watch: 2680 and 2720. Only if price breaks above 2700 and holds steady will the bulls have the confidence to keep pushing. If it breaks below 2565, the structure changes. The stop-loss zone is below 2540—first look at 2720, then test 2780. If support breaks, don’t hold on.
$ETH Spot volume is $9.2 billion; no contraction in volume suggests capital is still active in the market—it just hasn’t chosen a direction.
Whoever breaks first on the 2600 line—bulls or bears—gets to decide.
#ETH