From the 4-hour candlestick chart analysis, the current market has a significant bullish advantage, with strong upward momentum in the short term. However, the price faces dual resistance tests: the upper Bollinger Band and the strong resistance zone formed by recent highs create a crucial barrier. Once the trading volume effectively increases and successfully breaks through this resistance level, it will greatly boost bullish confidence, prompting the price to accelerate upward.
Switching to the 1-hour cycle, the Bollinger Bands show a clear contraction pattern, and market volatility continues to narrow, indicating that the market is in a consolidation phase, suggesting that a new directional breakout is imminent.
Ethereum: Long in the range of 2510-2540, target 2600-2700, stop loss at 45.