ETH—this move is really the most severe “bull-father” mode for bears: death-grip liquidation after death-grip, blowing up a lot of short-sellers. And then you’ve added even more shorts? Will the next phase go up or down?
In the short term, the market is ranging at high levels, with a bias toward a bullish trend.
From the current K-line trend, after ETH surged to the prior high of 2807.71, the price pulled back slightly and entered a high-range consolidation zone. Overall, the bullish trend has not been completely broken.
Earlier, it started from a low point and then moved up in a smooth, clear rising trend. Higher lows kept getting formed, and highs kept making new highs. The larger-scale bullish structure is intact, and there has been no clear reversal signal.
During the pullback after the spike, the correction depth has been limited. The price’s center of gravity has stayed above $2700, indicating strong support from below and that the bears lack the ability to quickly destroy the bullish trend.
In the short term, the K-line bodies gradually converge, and bulls vs. bears has entered a high-level standoff. Although bullish momentum has slightly weakened, it hasn’t formed an effective dead-cross reversal, and the continuation of the uptrend is still there.
Key levels to watch:
Short-term strong support: around $2630. This is an important pullback support level for this leg of the rally. As long as price does not effectively break below this level, the bullish trend should continue, and it may have the chance to challenge $2800 again.
Short-term strong resistance: the prior high at $2807. Once it breaks out with volume and holds above it, it will open up new upside room; targets could be in the $2900–$3000 range.
Breakdown warning level: if price effectively breaks below $2600, it means short-term bullish power has fully exhausted, and the market will enter a deeper phase of retracement.
⚠️ Trading notes
We are currently in a high-level bulls vs. bears game. It is absolutely not recommended to chase blindly. Wait for a pullback to support and confirmation of stabilization, then place long orders with light size to bet on the rebound. When price is close to the prior high resistance, take profits in batches to avoid getting trapped buying at high levels.
💡 Macro background reference
Currently, expectations for Fed rate cuts are heating up. Market risk appetite continues to recover. Institutional funds keep flowing back into crypto assets. As the second-largest cryptocurrency by market cap, ETH is one of the core receiving targets for incoming capital, and the accommodative macro environment will also provide strong support for subsequent price action @渔歌趋势
In the short term, the market is ranging at high levels, with a bias toward a bullish trend.
From the current K-line trend, after ETH surged to the prior high of 2807.71, the price pulled back slightly and entered a high-range consolidation zone. Overall, the bullish trend has not been completely broken.
Earlier, it started from a low point and then moved up in a smooth, clear rising trend. Higher lows kept getting formed, and highs kept making new highs. The larger-scale bullish structure is intact, and there has been no clear reversal signal.
During the pullback after the spike, the correction depth has been limited. The price’s center of gravity has stayed above $2700, indicating strong support from below and that the bears lack the ability to quickly destroy the bullish trend.
In the short term, the K-line bodies gradually converge, and bulls vs. bears has entered a high-level standoff. Although bullish momentum has slightly weakened, it hasn’t formed an effective dead-cross reversal, and the continuation of the uptrend is still there.
Key levels to watch:
Short-term strong support: around $2630. This is an important pullback support level for this leg of the rally. As long as price does not effectively break below this level, the bullish trend should continue, and it may have the chance to challenge $2800 again.
Short-term strong resistance: the prior high at $2807. Once it breaks out with volume and holds above it, it will open up new upside room; targets could be in the $2900–$3000 range.
Breakdown warning level: if price effectively breaks below $2600, it means short-term bullish power has fully exhausted, and the market will enter a deeper phase of retracement.
⚠️ Trading notes
We are currently in a high-level bulls vs. bears game. It is absolutely not recommended to chase blindly. Wait for a pullback to support and confirmation of stabilization, then place long orders with light size to bet on the rebound. When price is close to the prior high resistance, take profits in batches to avoid getting trapped buying at high levels.
💡 Macro background reference
Currently, expectations for Fed rate cuts are heating up. Market risk appetite continues to recover. Institutional funds keep flowing back into crypto assets. As the second-largest cryptocurrency by market cap, ETH is one of the core receiving targets for incoming capital, and the accommodative macro environment will also provide strong support for subsequent price action @渔歌趋势
