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Recently, ETH's recent rhythm is very clear:
Pullbacks are not smooth, often stabbing and fake breakouts occur frequently, for example today when strong support at 65 was broken.
Currently, the key area to observe: 2345~2360 region
This is:
1H / 4H resistance
Near MA120
Previous concentrated chip area (many long positions were trapped there, including some of us who chased a position there)
If it reaches here:
A volume breakout, stabilizing above 4H, and a pullback that does not break
Then it indicates:
The daily golden cross begins to exert strength, the bearish suppression fails, and this situation is more inclined to continue bullish.
Only one scenario:
“Cannot push up + structure weakens”
For example:
Continuous pressure at 2345~2360, long upper shadows appear, hourly divergence, and the overall market turns weaker; otherwise, it would directly turn bearish now. Essentially, it’s using short cycles to hard resist the daily trend, and the risk-reward ratio is not comfortable.