ETH market tracking｜“Er Bing” attempts to break 1,980 fail—here comes a pullback opportunity

Personal thoughts:
At present, ETH started moving near 1,880 in the early morning, then surged toward around 1,966 and entered a range.
If it continues to pressure around 1,980 but cannot effectively break through, I personally will watch for a pullback opportunity after this high.
First short target: around 1,950
If it breaks below 1,950, continue to look at:
the 1,935–1,940 zone
(Adjust based on how the order book/price action looks.)
The idea I gave earlier this morning has already played out to some extent.
In the early morning, ETH began rising from around 1,880, then repeatedly broke through 1,920, 1,935, and 1,950, with the high reaching around 1,966.
This upswing still follows the logic I kept emphasizing earlier:
Recently, market funds have clearly tilted toward “Er Bing.”
While BTC (the big pie) has also rebounded, its strength isn’t as strong as ETH’s; funds have more often chosen to flow into assets with higher leverage/volatility.
But now the chart is already different from the initial early-morning breakout phase.
After topping near 1,966, ETH didn’t continue to break through quickly; instead, it has been churning in a range around 1,950–1,960.
Here the market begins to diverge:
The bulls want to keep breaking above 1,966, opening up room toward 1,980 and even 2,000;
but the 1,965–1,980 area overhead is also an easy take-profit zone for earlier funds.
So next, the focus isn’t chasing the breakout—it's to judge the breakout strength.
If ETH can increase volume and hold above 1,980, the upside room will open further.
But if repeated attempts to break 1,980 fail, it suggests sell pressure has started to appear overhead, and a short-term pullback is likely.
In terms of the broader market:
Today’s US stock futures are overall strong, and market risk appetite has somewhat recovered.
Crude oil continues to fall, easing some of the market’s concerns about geopolitical risk.
This kind of environment is generally favorable for risk assets, so the current ETH upside thesis hasn’t been completely invalidated yet.
However, as US stocks open and liquidity increases, volatility will also likely expand.
What I’m watching now:
Above: 1,980 resistance
If it breaks and holds, continue to watch toward around 2,000.
Below: 1,950 support
If it breaks below 1,950, a short-term retest toward 1,935–1,940 is possible.
This “Er Bing” move from 1,880 to 1,966 has already proved that funds chose a direction.
Now we’ve entered a high-level tug-of-war phase.
My view:
If 1,980 doesn’t break, watch for a “spike then pull back.”
If 1,980 breaks through, follow the longs again.
The market won’t keep moving in a straight line; ultimately, the key is how funds choose. #美军13天轰炸伊朗后停火 $BTC $ETH