5.2 Ethereum Analysis

Today, the overall trend of Ethereum's market is strongly linked to Bitcoin's simultaneous rebound, forming a bullish pattern of bottoming out and recovery.

The price is steadily supported by key moving averages, with minimal pullback strength, and all technical indicators are improving and turning positive. The bearish momentum continues to dissipate, and the bulls are gathering strength.

The circulating supply on exchanges continues to decline, market selling pressure is weak, and institutional funds remain consistently supportive. Coupled with the expectation of network upgrades, this creates a long-term positive outlook.

Overall trading sentiment is steadily improving, and the upward structure has been fully formed.
Currently, the market is suitable for a pullback to establish low positions, with ample upward space above. The main strategy is to follow the trend and remain bullish, strictly controlling position sizes and stop-losses to avoid volatility risks.

Above 2280, defend at 2250, target 2360.