#ETH突破2500

Does Ethereum still have a chance to rise to 2500 or even 3000?

The answer is yes. It surged to around 2600 in the morning, the upward momentum is astonishing, but it also reached the trend line and resistance level. This is the best time to take profits in stages, especially for those who bought in at the bottom around 1500 and 1600; they can take profits on a portion of their positions and wait to add back in when it pulls back, after all, it has risen by 60-70% from the bottom.

Yesterday, I saw someone in the square asking why it plummeted 2% after hitting 2500. The main reason is that it was close to a resistance level, so there were definitely people selling or shorting here, and the combination of both caused a rapid decline.

However, from a medium to long-term perspective, the trend has not changed; it is still oscillating upward. After a significant surge, it is followed by a period of consolidation at high levels, then a second upward attack until the bullish momentum weakens and a trend reversal begins, leading to a downward phase. This is a common pattern in trading, excluding some extreme volatility caused by news; this is generally how it operates.

If it pulls back, pay attention to the support around 2377.