🌙 1. Market Trend Review

• Fluctuation Range: Last night, ETH mostly traded sideways between 2287 and 2317, with a typical pattern of stabilizing first, then suddenly surging in the second half of the night.

• Early Evening (before 22:30): The market was stuck in a narrow range of 2290–2310, with minimal volatility, as the entire market was waiting and lacked direction.

• Early Morning (after 2:00): Funds suddenly surged upward, reaching a high of 2343.56, then quickly pulled back and stabilized around 2318 to close, forming a very standard spike-and-retrace pattern.

• Daily Performance: Slightly up about 1.06% over 24 hours, not a large increase, but this surge in the early morning directly broke the previous dull pattern, clearly driven by main capital entering the market.

📊 2. Market Details Breakdown

1. Volume Performance
Overall trading volume was very low in the first half of the night, with quiet trading, as both bulls and bears were reluctant to act proactively.
At the moment of the surge in the early morning, volume instantly expanded, clearly driven by active buy orders, with short-term bullish forces being released.

2. News Surface
Recently, the Ethereum Foundation sold ETH worth about $47 million within a week. This bearish news has been suppressing the sustainability of the bulls, so after the surge, the price immediately faced resistance and pulled back, with buy and sell pressures forming a clear tug-of-war.

3. Technical Pattern Signals
On the 15-minute chart, the price moved from the lower Bollinger Band to the upper band, entering overbought territory in the short term, which naturally calls for a pullback for correction.
The short-term moving averages also gradually turned from entangled to bullish alignment, indicating the market has quietly shifted from sideways to a more bullish pattern. The key now is whether it can hold above 2320.

⚠️ 3. Key Levels to Watch Next

• Support: The first key support is at 2311, where the middle Bollinger Band and the 20-day moving average coincide. A pullback that does not break this level can sustain the bullish trend; a confirmed break below likely returns the price to the 2300–2290 range for consolidation.

• Resistance: The first resistance is at the early morning high of 2343, followed by the psychological level at 2350. Only a stable breakout above these levels can open the door for a new upward rally.

• News Attention: The Ethereum Foundation’s reduction in holdings continues, and further large-scale sell-offs could still disturb market sentiment.