Is the ETH rebound reliable?
The ETH movement has been quite "tricky" these days, dropping from 2738 all the way down to 2450 before stopping the decline. It has rebounded, but many people are hesitant to enter, not knowing if they should chase it.
The price fell from a high of 2738.62 to a low of 2450.62 before starting to rebound.
This is a key support level that has been validated multiple times.
Recently, several candlesticks have shown a "bullish engulfing" + "belt hold line", which are typical signals of a bottom reversal, indicating insufficient short-selling momentum in the short term.
But here’s the problem: the trading volume hasn’t significantly increased.
What does this mean? — The rebound may be a false move, lacking supportive follow-up funds.
Between 2450–2500, there's a dense liquidation zone with a lot of open orders, indicating that this area is the core zone for the main players entering and exiting.
Every time the price drops below 2450, it gets quickly "pulled up"; this is a typical signal of funds stepping in.
Above 2520, clear selling pressure is starting to appear, indicating significant selling pressure above, which is a key resistance level in the short term.
There are buyers below, but sellers above. There is room for a rebound, but it is not advisable to be aggressive.
Strategy direction: It is recommended to try going long if the price breaks through 2493.09 and stabilizes. You can take a light position, with a profit target at 2526.43; if the volume increases, you can chase a long position. Set a stop loss below 2450.62, indicating a failed rebound; you should stop loss and observe, trying to go short if approaching the 2526–2548 range faces resistance and the rebound lacks strength. Set a stop loss above 2548.
This is a volatile market, not suitable for high leverage or heavy positions. Light positions, short-term, and flexibility are the core strategies now.
ETH is currently in a "direction unclear" volatile adjustment range.
On the technical side: there is a pattern of a bottom reversal, but the volume is insufficient;
On the heatmap: clear support below, but also evident pressure above;
You can try going long in the short term, but be sure to set a stop loss and avoid blindly chasing highs.
Personally, I will focus on whether the line at 2493 can break with increased volume — if it breaks, I’ll add to my position; if it doesn’t, I’ll continue to wait. The market will come, it’s never too late.
What you should do now is not to bet on direction but to first see the overall pattern clearly. The market is not in a hurry; funds are most afraid of being hasty.
