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After a strong morning breakout surge, the market rose sharply and then briefly fell back for consolidation and adjustment. It still holds above the lower support level of 64,600; overall, the upward structure has not been broken. After further consolidation, there is still momentum to push higher again to test the resistance level.
Ethereum’s price action strength remains dominant, and the continuation of bullish momentum is relatively strong. After making a fresh high, the short-term pullback doesn’t need to be overreacted to; it is currently digesting sell pressure from above.
The outlook remains bullish. Focus on the support area of this pullback; once it stabilizes, you can still enter long positions.
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