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Building momentum to form a firm base, the phoenix sings in the nine heavens, sinking deep to store strength—ETH is set to soar
Last night and this morning, Ethereum traded with gentle consolidation within a high-range zone. After a small pullback, it quickly stabilized and rebounded, with no deep dip. On the weekly scale, it remains in an upward trend. This current consolidation is only meant to wash out excess positions and build energy for an upward push—the overall bullish setup is very solid.
On the daily timeframe, the full uptrend structure is intact, and the key support is solid and effective. The medium-term bullish direction remains unchanged. In the 4-hour cycle, buy-side absorption is strong; bearish momentum keeps fading. Bullish counterattack signals are clear, and once the 2400 level is broken, the upside potential will open up across the board.
On Wednesday morning, the suggested ETH plan: go long with a light position around 2300, add to positions if it pulls back into the 2290-2280 range, and follow the trend. Place a unified defense stop-loss below 2250. Target levels: the first target is 2400. After a breakout and stabilization, follow the trend to look toward the 2480 level.
With steadiness in your heart, you can move steadily and go far; follow the trend, and you can ride the wind upward. Keep your position and timing in check, hold patiently—the trend will ultimately not fail to reward every act of steadfastness. $BTC