$ETH rises 3%, approaching 2740; below, 2630 is the key
Current price: $2,726 (24h +3.00%)
Today, $ETH is up 3%. In terms of the news flow, the main developments are that Bitmine added more last week, with total holdings setting a new high; last week spot ETFs also saw net inflows, and market sentiment is not bad.
This move looks more like sentiment repair than a trend reversal. On the four-hour chart, the two moving averages are still capping the price from above, and the bearish alignment hasn’t changed; the 15-minute rise has been a bit too fast, and short-term indicators are elevated.
Scenario walkthrough: if the pullback holds and does not break 2630, then price will likely keep ranging within the recent two-day box, and both bulls and bears can accept it;
If it breaks 2630 downwards with increased volume, there are stop orders at the previous lows below—then the selloff could come in waves. If 2740 is reclaimed with strong volume, only then can today be considered a true “turning of the page”; otherwise, the odds favor a push higher followed by a pullback.
2630 must be defended; if it can’t be held, watch for a slight move lower. Only when 2740 is reclaimed with volume can it be considered a true “turning of the page.”
#ETH #加密货币 #行情分析
Current price: $2,726 (24h +3.00%)
Today, $ETH is up 3%. In terms of the news flow, the main developments are that Bitmine added more last week, with total holdings setting a new high; last week spot ETFs also saw net inflows, and market sentiment is not bad.
This move looks more like sentiment repair than a trend reversal. On the four-hour chart, the two moving averages are still capping the price from above, and the bearish alignment hasn’t changed; the 15-minute rise has been a bit too fast, and short-term indicators are elevated.
Scenario walkthrough: if the pullback holds and does not break 2630, then price will likely keep ranging within the recent two-day box, and both bulls and bears can accept it;
If it breaks 2630 downwards with increased volume, there are stop orders at the previous lows below—then the selloff could come in waves. If 2740 is reclaimed with strong volume, only then can today be considered a true “turning of the page”; otherwise, the odds favor a push higher followed by a pullback.
2630 must be defended; if it can’t be held, watch for a slight move lower. Only when 2740 is reclaimed with volume can it be considered a true “turning of the page.”
#ETH #加密货币 #行情分析