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Positive news and technical factors are resonating! I am only bullish on ETH in this wave; go bold near 2080!
Brothers, ETH repeatedly pushed up to 2160 today but didn't break through. What does that mean? The main players simply don't want to let the bears feel comfortable; they are waiting for more people to get on board and push higher together! The combination of news and technical signals suggests a potential trend reversal tonight! First, look at the latest from Goldman Sachs: the likelihood of a rate hike in the US this year is very low, and the impact on oil prices is limited. The Federal Reserve won't tighten policies recklessly just because of oil. What does this mean? External pressures are easing, and risk appetite for funds is returning! This is a solid positive for the crypto market. With the overall environment stabilized, ETH has the confidence to move upward. Summary: positive news sentiment, funds are willing to move!
Now, on the technical side, ETH is currently at $2131, with $2080 being a key level. As long as it doesn't break below, the bullish structure remains intact. The strong support below is at $1950, with resistance at $2200. Today, multiple tests of $2160 were pulled back, indicating selling pressure has been absorbed. What’s needed now is a retest of the $2080-$2100 zone to shake out weak hands, then a direct push toward $2200! Summary: the technical pattern is healthy; a pullback is a good entry opportunity!
My view is that this wave could see an increase of about $80, but the main players need to absorb more buy orders before pushing higher. So, if it retraces to $2080-$2100, don’t panic—that’s your chance to enter! The suspense is—will there be a bullish candle breaking through $2200 tonight? I lean toward yes!
Trading suggestions: For aggressive traders: consider short-term shorts near the current price of $2131 with a target of $2080 for profit-taking. Once reached, switch to long positions to ride the rebound wave. For conservative traders: patiently place buy orders in batches around $2100-$2080, with a stop-loss near $2065, aiming for the $2180-$2200 zone. This pullback is a shakeout by the main players; as long as key levels hold, the bullish trend remains unchanged. Take the opportunity and go all in! #ETH🔥🔥🔥🔥🔥🔥