Post

#ETH The current price is 1900. Price action continues to closely track BTC, but with greater volatility, and its weakness is even more pronounced than Bitcoin’s. The first near-term resistance above is around 1960, with a strong resistance zone at 2030. Only a high-volume move above and sustained hold above 2030 would ease the current persistent downward pressure; otherwise, bears are more likely to cap every rebound. Near-term support below is first at 1870, a recent low where buyers have stepped in. If this level fails, the price could fall further to around 1820 in search of support. In terms of capital flows, ETH spot ETFs continue to see outflows, with no clear signs of institutional money returning. On-chain activity remains subdued, and there are no independent positive catalysts to drive the market. Most price action is simply following BTC, and rebounds lack staying power. In the short term, it is not advisable to rush into buying the dip, as the risk is high. Prefer to wait for BTC to stabilize and prompt ETH to show a clear bottoming signal. Until a confirmed reversal emerges, stay on the sidelines, keep position sizes tightly controlled, and don’t be tempted by a modest oversold bounce.

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
No comments