Ethereum is currently at a critical stage of the Wyckoff accumulation model. Phase B has been completed, characterized by a pullback to the previous dense trading area. The key observation point now is whether the 2860 high can be directly突破. If it cannot break through directly, it is likely to enter Phase C adjustment, which will provide better entry opportunities for investors.

Key positions in Wyckoff's accumulation Phase C:

Upper resistance: 2860 (previous high, difficult to break through directly)

Midline: 2689 (midline of the consolidation area, can attempt to short in this area)

Potential low point: 1900 (possible adjustment target for Phase C)

Investment advice is not to rush to chase highs at the current position, as the likelihood of breaking through previous highs is low when interest rate reductions have not yet arrived and hot money has not fully flowed in. A wiser strategy is to wait until the Phase C adjustment is complete before considering buying Ethereum or other altcoins, as this reduces risk and increases certainty of opportunity. The risk of chasing highs now is that one may get stuck at high levels and then watch the price pull back to the 1900 area. $ETH #以太坊