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🚨 **Ethereum surges higher then pulls back—are we seeing a washout or a top? Let’s uncover the truth today!**
After ETH’s intraday high hit $1,956 and then gave back the gains, many people are asking whether a pullback is coming. Here are 3 key truths:
First, institutional funds are still buying. Spot ETFs continue to see inflows, and whales keep withdrawing tokens—support from the bottom remains strong.
Second, overhead pressure is heavy! Ongoing macro inflation worries and uncertainty around the《CLARITY Act》 are still there, and with the rally happening on shrinking volume, it’s easy to spike up and then fall back.
Third, the next phase will most likely keep trading back and forth between $1,900 and $1,980 to wash the market. As long as the $1,840 support level holds, you’re still in the safe zone.
💡 **One-sentence summary**: The trend is repairing, but don’t chase the highest point. In a ranging market, keep your hands under control and wait for signals—that’s the way to go! #夏日创作营 $ETH