Crypto Circle Academician: Ethereum (ETH) retains its bullish backdrop on the 9.9 broader cycle; how to respond to short-term pressure? Latest market analysis reference
Ethereum is currently priced at 2490. Those who are bullish believe the trend has already reversed upward, with pullbacks presenting opportunities to enter; those who are bearish believe this rebound has reached its limit and a pullback could arrive at any time. The current price around 2482 is caught in the middle: chasing higher risks getting trapped, while buying the dip risks further downside. The most common mistake retail investors make is trading back and forth frequently within a range and repeatedly getting stopped out. To profit in this kind of market, do not bet on direction based on feeling. Respect market signals, plan entry points and stop-losses in advance, and avoid blindly taking heavy positions to maintain a steady pace in a range-bound market.
The medium-term trend on the daily K-line has shifted from falling to range-bound upward movement. EMA15 and EMA30 are forming upward support, with the moving averages in a bullish alignment, so the broader-cycle bullish foundation remains intact. However, the 2500–2550 resistance zone is nearby, and repeated attempts to break through have failed to produce a new high. The MACD red bars are gradually shrinking, showing signs of weakening bullish momentum. The Bollinger Bands are opening upward, with the price moving between the middle and upper bands; the lower band at 2365 forms key strong support. From a Fibonacci perspective, the 78.6% level at 2242 in this rebound has held firmly. As long as this level is not decisively broken, the broader rebound structure will remain intact.
On the four-hour K-line, the short-term moving averages are tangled, indicating an intense battle between bulls and bears without a single-sided trend forming. The resistance above is 2483–2514, namely the upper Bollinger Band, and repeated tests have failed to achieve an effective breakout. Support below lies at 2455, the lower Bollinger Band, as well as the EMA60 at 2458. The four-hour MACD is flattening above the zero axis, with red and green bars alternating and no sustained increase in volume, representing a typical range-bound indicator pattern. The Fibonacci 100% level at 2463 has become a short-term dividing line, with the price ranging above it. There is no clear trend signal on the four-hour timeframe, and the risk of chasing trades is relatively high. The market is highly likely to continue moving back and forth within the range; only after a volume-backed breakout from the range will room open for a new market move.
Short-term reference:
If 2440 to 2400 holds, go long, with a 40-point stop-loss and targets at 2510 to 2570.
If the price stalls at 2550 to 2566, go short, with a 40-point stop-loss and targets at 2490 to 2440.
Specific operations should be based primarily on real-time order book data. For more information, you may contact the author. This article was published with a delay and is for reference only; assume all risks yourself.$ETH