After ETH hits near 2800, will it continue to rise?
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My view: It’s not a top confirmation yet, but rather a consolidation phase in the high range after the rally.
If BTC breaks above the top of the range, it will provide further momentum for ETH to push higher. If BTC breaks below the range, ETH may also follow with a pullback.
From the structure:
$ETH : There is resistance near 2806
Then price enters:
📦 A ranging box from 2710 to 2800
Currently, the price is trading in the middle of the box.
At this point: chasing longs has a relatively high risk—wait for a more reasonable direction.
$BTC is also currently in a high-range consolidation.
Resistance forms near 87385.
Resistance: 87000-87500
Support: around 85000
Of course, if this consolidation holds, then we can do short at the upper end and long at the lower end within this range. For BTC, try longs around 85000, with a stop-loss of about 800 points. For Ethereum, try longs around 2700, with a stop-loss of about 30-50 points.
The market isn’t without opportunities—it’s just waiting for the direction.
One-sentence summary: ETH trend is bullish, but on the short term it’s ranging in a box. A break above 2806 suggests acceleration; losing 2700 suggests a correction.
Don’t guess the top or bottom—wait for key levels to give the answer.#比特币突破8.7万美元创八个月新高
Follow me for more trading insights~~~
My view: It’s not a top confirmation yet, but rather a consolidation phase in the high range after the rally.
If BTC breaks above the top of the range, it will provide further momentum for ETH to push higher. If BTC breaks below the range, ETH may also follow with a pullback.
From the structure:
$ETH : There is resistance near 2806
Then price enters:
📦 A ranging box from 2710 to 2800
Currently, the price is trading in the middle of the box.
At this point: chasing longs has a relatively high risk—wait for a more reasonable direction.
$BTC is also currently in a high-range consolidation.
Resistance forms near 87385.
Resistance: 87000-87500
Support: around 85000
Of course, if this consolidation holds, then we can do short at the upper end and long at the lower end within this range. For BTC, try longs around 85000, with a stop-loss of about 800 points. For Ethereum, try longs around 2700, with a stop-loss of about 30-50 points.
The market isn’t without opportunities—it’s just waiting for the direction.
One-sentence summary: ETH trend is bullish, but on the short term it’s ranging in a box. A break above 2806 suggests acceleration; losing 2700 suggests a correction.
Don’t guess the top or bottom—wait for key levels to give the answer.#比特币突破8.7万美元创八个月新高
