Ethereum on the daily chart retraces, stabilizes, and gathers momentum—bulls regain their upward momentum, and next week they will target 2500!

This week, Ethereum overall presented a volatile correction-and-recovery pattern. In the beginning of the week, the price traded above 2300, then after hitting a high of 2422 on Wednesday, it met resistance and pulled back. On Thursday and Friday, the market saw heavy selling pressure, with the lowest dip falling to around 2263, completing a deep shakeout. Fortunately, on Friday and over the weekend, the price quickly probed the bottom and rebounded, closing with a bullish candle with a lower shadow. Currently, the price has returned to around 2327. Although the entire week saw intense fluctuations, the final closing price held the key support level, establishing a short-term bottom and laying the foundation for a bulls’ counterattack.

Overall, after a round of a deep pullback, Ethereum has successfully stabilized in the strong support zone of 2250-2260, and bullish capital has started to re-enter. Next week, focus on the resistance zone of 2380-2400. Once there is an effective breakout and the price holds above it, it will fully open the upside space, driving straight toward the previous highs—and even higher.

Go long directly near 2300, with the first target at 2430. If the level breaks, look for 2500.
$BTC $ETH