Short-term Analysis of Ethereum Market (Current Price: 2590)

Market Overview:

ETH is performing well, currently priced at 2590, a slight increase of 0.7% compared to the previous value (2571). The bullish sentiment remains! The bearish signals on the candlestick chart are nearly cleared, and bulls and bears are wrestling around 2600. The market seems to be gathering strength, waiting for a major announcement to break through, creating a bit of suspense!

Consolidation Range:

Upper Resistance: 2600 (hardcore resistance).

Lower Support: 2500 (key defense line).

Technical Quick Review:

Four Hours: The price is oscillating between 2550-2600, with volume showing slight fatigue and direction unclear.

One Hour: A tug-of-war around 2590, a breakthrough at 2600 or a drop to 2500 will determine the outcome.

Trend Prediction:

ETH is hovering in the 2500-2600 range. If it hits 2600 without breaking through, it could be a short opportunity; if it stabilizes at 2500, it could be a long opportunity. Without major news (like ETF approval or policy easing), it will continue to oscillate in the short term, with swing trading being the most profitable!

Trading Suggestions:

Short: If unable to hold 2600, go short with a target of 2550 and a stop-loss at 2650.

Long: If it stabilizes at 2500, go long with a target of 2600 and a stop-loss at 2450.

Swing: Buy at 2500, sell at 2600, and add more when volume increases!

Current Price 2590, bullish sentiment is strong, oscillating in the 2500-2600 range. To reach 2700 or drop to 2400, major news or a surge in volume is needed. Correlation is slightly weak; if BTC breaks 105000, ETH may follow up to 2650. Brothers, stay steady and don't rush, let's get into swing trading!