Based on the current market situation, Ethereum has gradually stabilized after consecutive pullbacks, with short-term support becoming clearer. The 2280-2260 range has historically been a multiple-time support zone and is also a key support area in the short-term structure. The nighttime decline did not result in a significant breakdown, indicating that the bearish momentum is insufficient to continue, and it is more likely a shakeout and consolidation.



From the rhythm perspective, the hourly chart has already shown signs of a bottoming out, with higher lows and weakening bearish momentum. If the price revisits the 2280-2260 range again in the morning without breaking below, consider gradually entering long positions.

Operationally, it is recommended to buy in batches around 2280-2260, taking advantage of opportunities to build positions gradually. The support below is at 2240; if broken, the current strategy becomes invalid. The initial target range is 2320-2350, and if strength persists, it can further aim for the previous high nearby.

Overall, the current trend is not a clear breakout but more inclined toward range-bound oscillation. Avoid chasing highs or panicking sell-offs. Be patient, wait for pullbacks to create opportunities, control position sizes, and focus on steady progress.
BTC0.34%
ETH1.58%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments