#ETH

The recent movement of ETH is now very clear—
The 50-day moving average is the short-term bullish and bearish dividing line.
After the price retested the 50-day moving average earlier, the market immediately showed a strong rebound, indicating that funds are entering at this level, and the bulls have not given up for now.
But what truly determines the future direction is not the rebound itself, but whether it can continue to break upward.
Currently, the first key level is $2,458.
If the price can break through and stabilize above $2,458, it indicates that this rebound is not a weak retracement, but has the potential to continue strengthening.
Next, the market is likely to test the resistance line of the upper channel.
And the resistance line is the real focus.
If even this is broken, it means ETH has returned to a strong structure, with further upside potential, and the market may start looking toward $3,000.
Of course, the downside risks must also be clear.
If the price falls back below the 50-day moving average later, it indicates that this rebound has failed, and the market may retrace all the way to the support line of the ascending channel.
If even the support line cannot hold, ETH could quickly drop to $1,930.
Above the 50-day moving average, watch for continued rebound.
Break through $2,458, and the trend begins to strengthen.
Only a true breakthrough of the resistance line signals the restart of the trend.