$ETH A deep-V roller coaster—what’s next after both bulls and bears got crushed?
Looking at the 1-hour chart, ETH plunged to a low of 2,407 over the weekend, then staged a sharp V-shaped rebound to 2,578. It has now pulled back and is consolidating around 2,533. The daily change is flat, while the 7-day decline is 6%. This move is a classic case of both bulls and bears getting squeezed.
The reason is simple: liquidity was thin over the weekend, and Bitcoin’s drop below 84,000 dragged major altcoins sharply lower. The lows triggered panic selling, but major players quickly stepped in around 2,407, wiping out leveraged short sellers and sparking a V-shaped rebound. The nearly 170-point move from 2,407 to 2,578 flushed out weak hands completely.
At 2,533, price is now stuck in the middle—not moving decisively in either direction. The recent high of 2,578 is near-term resistance, while 2,407 is the strongest support level established so far. Trading volume remains high, showing just how divided bulls and bears are as market participants continue to battle it out in this range.
A sharp rally after a steep drop often needs time to consolidate. Trying to predict the direction right now offers very little upside for the risk. Going long could mean buying halfway up the move, while going short carries the risk of being squeezed by another rebound. The market is moving faster, so timing is everything. I’ll share real-time updates on price action and strategies in Steel Fortress. If you want to keep up with the market, come find me directly. #比特币重回8.4万美元 #以太坊现货ETF上周净流出5.42亿美元
Looking at the 1-hour chart, ETH plunged to a low of 2,407 over the weekend, then staged a sharp V-shaped rebound to 2,578. It has now pulled back and is consolidating around 2,533. The daily change is flat, while the 7-day decline is 6%. This move is a classic case of both bulls and bears getting squeezed.
The reason is simple: liquidity was thin over the weekend, and Bitcoin’s drop below 84,000 dragged major altcoins sharply lower. The lows triggered panic selling, but major players quickly stepped in around 2,407, wiping out leveraged short sellers and sparking a V-shaped rebound. The nearly 170-point move from 2,407 to 2,578 flushed out weak hands completely.
At 2,533, price is now stuck in the middle—not moving decisively in either direction. The recent high of 2,578 is near-term resistance, while 2,407 is the strongest support level established so far. Trading volume remains high, showing just how divided bulls and bears are as market participants continue to battle it out in this range.
A sharp rally after a steep drop often needs time to consolidate. Trying to predict the direction right now offers very little upside for the risk. Going long could mean buying halfway up the move, while going short carries the risk of being squeezed by another rebound. The market is moving faster, so timing is everything. I’ll share real-time updates on price action and strategies in Steel Fortress. If you want to keep up with the market, come find me directly. #比特币重回8.4万美元 #以太坊现货ETF上周净流出5.42亿美元