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🚨 $ETH is approaching a critical decision point!!!
1️⃣ Bulls are still strong, but slightly “weakened”
RSI hits 66.8; the price has regained the Bollinger mid-band and is nearing the upper band (1958). But today’s volume ratio is only 0.19, a noticeably low-volume rally. Without volume confirmation, it’s hard to push through the dense overhead resistance zone (1958-2000) in one move.
2️⃣ The medium-term still needs time to recover
The 30-day oversold rebound is close to 10%, but compared with 60 days ago it’s still in negative territory (-9.77%). Currently, it’s categorized as a “medium-term range-bound, leaning bullish” recovery—rather than a one-way bull market.
🎯 Watch these two levels:
To the upside: a breakout above 1958 with volume 🚀, targeting 2157.
To the downside: a drop below 1864 📉, retreat and defend 1746 (Bollinger mid-band).
If it spikes up on low volume, don’t blindly chase longs.