After Ethereum surged to around 2749 and quickly pulled back, sell pressure above was clearly evident, and it then entered a range-bound consolidation. The earlier low at 2634 became a stage support. Price is currently fluctuating around 2700, repeatedly pulling and pushing, in line with Bitcoin’s high-range volatility.
For the short term: after the spike, bullish momentum has weakened; the battle between buyers and sellers has intensified, and a one-way trend has not emerged.
Outlook: if it retraces to 2650–2670 and stabilizes, you can consider a small long position. First targets are 2720–2750; if there is a valid breakout, then look toward 2800. If it repeatedly fails at 2740–2750, consider shorting when the opportunity arises. Control your position size, set a proper stop, and don’t hold on by force. #ETH #BTC $ETH
For the short term: after the spike, bullish momentum has weakened; the battle between buyers and sellers has intensified, and a one-way trend has not emerged.
Outlook: if it retraces to 2650–2670 and stabilizes, you can consider a small long position. First targets are 2720–2750; if there is a valid breakout, then look toward 2800. If it repeatedly fails at 2740–2750, consider shorting when the opportunity arises. Control your position size, set a proper stop, and don’t hold on by force. #ETH #BTC $ETH