$ETH Bullish. 2327 was the low of this round of bottoming, and the price has now returned to the 2430 range.
Everyone, ETH pulled back from its high of 2493 and plunged to 2327, where selling pressure was concentrated during the decline. After bottoming, it did not continue lower; instead, it steadily moved higher amid fluctuations. It is now back near 2433, above the previous consolidation range, and has rebounded from the bottom, forming a pattern of rising lows.
This dip to 2327 was mainly a shakeout of short-term holders gripped by panic. During the subsequent rebound, buying support remained steady. Each minor pullback stayed above the previous low, showing that buying pressure is gradually strengthening. The first major resistance overhead is the previous high at 2493. If the price cannot break through this level convincingly, keep long positions open and wait; there is no need to switch directly to a bearish outlook at the resistance level.
Open interest data shows a moderate increase during this rebound, rather than a short-term speculative pump followed by a rapid withdrawal of funds. This is a recovery after a sharp drop, not a brief, deceptive rebound.
You can consider going long near 2433. A pullback to the 2410–2420 range would be a better opportunity to add to the position, not a place to exit at a loss. Set a stop-loss below 2327 and exit if that level is broken. The first target is 2493. If the price manages to hold above 2493, continue holding the long position. As long as the bottom at 2327 is not breached again, the broader outlook is not bearish.
These are just my personal thoughts, not investment advice.
#比特币突破8.3万美元
Everyone, ETH pulled back from its high of 2493 and plunged to 2327, where selling pressure was concentrated during the decline. After bottoming, it did not continue lower; instead, it steadily moved higher amid fluctuations. It is now back near 2433, above the previous consolidation range, and has rebounded from the bottom, forming a pattern of rising lows.
This dip to 2327 was mainly a shakeout of short-term holders gripped by panic. During the subsequent rebound, buying support remained steady. Each minor pullback stayed above the previous low, showing that buying pressure is gradually strengthening. The first major resistance overhead is the previous high at 2493. If the price cannot break through this level convincingly, keep long positions open and wait; there is no need to switch directly to a bearish outlook at the resistance level.
Open interest data shows a moderate increase during this rebound, rather than a short-term speculative pump followed by a rapid withdrawal of funds. This is a recovery after a sharp drop, not a brief, deceptive rebound.
You can consider going long near 2433. A pullback to the 2410–2420 range would be a better opportunity to add to the position, not a place to exit at a loss. Set a stop-loss below 2327 and exit if that level is broken. The first target is 2493. If the price manages to hold above 2493, continue holding the long position. As long as the bottom at 2327 is not breached again, the broader outlook is not bearish.
These are just my personal thoughts, not investment advice.
#比特币突破8.3万美元