Is the momentum insufficient after breaking 2600? Beware of false breakout traps!
After ETH fell below 2600, it directly entered a crash mode, hitting a low of 2480 yesterday before coming to a halt and starting to rebound!
This trend completely aligns with my previous second prediction—if the rebound is strong enough, it will range trade in the 2600 to 2480 zone, gathering enough strength to push higher.
Looking at the 2-hour chart now, the 2600 position is the current small checkpoint. If it can break through, there may be a wave of upward movement, but don't expect it to soar directly; it is highly likely that it will need to consolidate at a high level before continuing to rise. Alternatively, the price may continue to dip down to around 2400, consolidating before gathering enough strength to surge up to the 2800 or even 3000 level.
The market will naturally provide the answer, so we will just be honest observers. When making trades, be careful not to get too excited; the more impatient you are, the easier it is to fall into the traps set by the main players!
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