$ETH Short-term range-bound shakeout and wash; the real direction choice comes in the evening! 🔥

Old Lin watches the market: ETH yesterday printed a big bullish candle that broke through resistance straight away, with a high around 1,946. But after pushing up, it didn’t continue with a volume breakout; instead it moved into a sideways consolidation. Right now the price is around 1,920. In the short term, bullish momentum has weakened somewhat, and the 1,930–1,940 area is clearly resistance.

On the smaller trend, Old Lin leans bearish. There may be one more pullback action in the short term. Focus is on support at 1,910–1,900. If it breaks below 1,910, it’s likely to continue probing around 1,885, washing out chasing-long funds. What the main force likes most is to pump up and then consolidate sideways, then use wick “stabs” up and down to harvest.

But for the bigger trend, Old Lin is still bullish. In particular, watch the funding performance after 8:00 PM. If the pullback doesn’t break 1,900, and then ETH reclaims and holds above 1,930, ETH will most likely challenge the previous high near 1,946 again. After a breakout, the upside target is 1,980–2,000.

The current market is a textbook case of “the shakeout isn’t distribution.” The short-term bears might take a bit of profit, but the real big swing is still bullish. Don’t let a few candles scare you into running; before the main force wants to lift the price, it often first shakes loose the uncommitted positions off the train. 🚀If you haven’t followed Old Lin yet, hurry up. #PreIPOs第二期OpenAI认购 #韩国KOSPI暴跌5%触发熔断