Post

#ETH At the current price of 2295, the overall trend continues to closely track BTC’s choppy price action. Independent buying pressure remains weak, and ongoing outflows from spot ETFs have continued to limit Ether’s rebound potential, making it difficult for ETH to move independently of Bitcoin. The first near-term resistance overhead is around 2330, a level that has capped several recent rebounds. Only a decisive move above it on strong volume would create an opportunity to test the resistance zone around 2370. The nearest support below is at 2260; if that level is decisively broken, the short-term focus will shift lower toward the support zone around 2220. On the hourly chart, trading volume suggests a relatively balanced contest between buyers and sellers. Volume has failed to pick up during rebounds, while selling pressure has not been released in a concentrated way during declines. The market has entered a weak, choppy phase. The ETH/BTC exchange rate remains near its lows, with no clear sign of funds flowing back into Ether for now; investors are more inclined to wait for macro signals. It is not advisable to take positions proactively. For short-term trading, prioritize BTC’s direction and consider a small long position only after Bitcoin holds above resistance. If Bitcoin breaks below support and pulls the market down, Ether tends to have greater downside volatility. Be sure to manage risk on leveraged positions, as the risk of sharp wicks and stop hunts remains high in choppy markets.

View Original
post-image
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
ETHETH-1.26%
BTCBTC-0.67%

  • 1

Add a comment
Add a comment

Comment
KeyDeep
37 minutes ago
Wait until BTC stabilizes before considering ETH. Entering now could leave you getting hit from both sides
0View Original
DiversifyDex
an hour ago
If 2260 breaks, see you at 2220; watch out for wicks when using leverage
0View Original
TenSecExit
an hour ago
This price action is typical of weak-market linkage: rebounds lack volume, while declines find support, and the market will keep grinding
0View Original
PermissionedFury
an hour ago
The ETH/BTC exchange rate is hovering near lows, with the king of altcoins temporarily out of favor
0View Original
IceStop
an hour ago
ETH is now just BTC’s sidekick, with no independent price action
0View Original
UndergroundVault
an hour ago
First Review
Hourly trading volume remains subdued, with bulls and bears alike waiting for macro signals to materialize
0View Original