The Ethereum uptrend remains strong, with consolidation building momentum—still looking bullish!



Yesterday, Ethereum met resistance around 2340 and pulled back, dipping as low as 2296. It then quickly rebounded by relying on the 2300 round-number level + support from the Bollinger middle band. In the pullback, the bulls showed extremely strong follow-through strength, and the short-term uptrend was not broken.

The Bollinger Bands structure shifted from “falling from near the upper band” to stabilizing in the upper-middle band area. The Bollinger Bands formed a “flat upper band, with the middle band rising” pattern, suggesting that the medium-term bullish trend is still unchanged—the pullback is a continuation rather than a reversal.

Go long directly around 2300. First target is 2410; if it breaks out, look for 2500.
$BTC $ETH
BTC2.51%
ETH3.43%
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