5.7 Thursday, the recovery trend is clear, and the bullish outlook for Ethereum remains unchanged

In the recent period, Ethereum has been steadily rebounding along with the broader market. It is currently stabilizing above 2300, with very weak downside pullback; every dip is met by incoming funds. Overall, it is building momentum and consolidating in a high-range, with no sell-off momentum. It is clearly waiting for a rally that breaks upward, and the desire to catch up on missed gains is strong. In our outlook for the recent period, we’ve been bullish all the way through, and we’ve also reaped quite a lot from it.

From a macro-data perspective, expectations of rate cuts support the overall market. Liquidity remains relatively loose, market sentiment is improving, and this creates a very favorable environment for Ethereum bulls. From a technical perspective, the daily chart maintains a pattern of consolidation with a gradual upward tilt—lows keep being raised, moving averages are slowly converging and sticking together, and the price action could break upward at any time. The four-hour trend has also stabilized and looks healthy; during pullbacks, volume shrinks, and during rebounds, volume expands. Bullish follow-through is quite solid. The key support below lies in the 2280–2300 range—this is also the bottom of the prior consolidation platform, with solid support. The 2400 level above is short-term strong resistance; once it is able to stand above with increased volume, the upside space can be fully opened up.

Thursday morning personal view: go long in batches in the 2290–2320 range; place your defense/stop-loss level at 2240—there is plenty of room for error. $BTC