#ETH

The recent movement of ETH is actually in the stage of pushing higher + confirming strength and weakness.
First, look at a level: $2453.
There is already obvious selling pressure here, and bulls and bears will repeatedly tug at this level.
If the bulls can break through this level, the market is likely to continue upward, testing the channel resistance line.
But what truly determines the direction is this resistance line.
If after pushing to this level, the price is pushed back down and breaks below the 20-day moving average, it indicates that this rally is just a rebound within the channel, and the market is likely to continue oscillating within the range.
Conversely, if the price directly breaks through and stabilizes above the resistance line, it’s a different story—
This indicates a change in structure, with the bulls regaining control, opening up space above, and targeting $3,000 as a reasonable goal.
Before breaking through the resistance line, observe the consolidation;
Once it breaks above, follow the trend and act accordingly.