1. Core Judgment of Short-term Trend
Tonight's key turning point for Ethereum's market focuses on the price level of 2475. The closing situation of the 4-hour K-line will become an important basis for judging the market's subsequent direction.
Bearish Dominant Signal
If the 4-hour K-line closes below 2475, it means that the 4-hour pullback has officially started, with bearish forces gaining the upper hand. Market caution may spread, and at this time, the support levels below need to be closely monitored: 2441 as the primary support formed by the convergence of short-term moving averages; 2414 is a key level that has been tested multiple times previously; 2383 is in an important trendline support area; 2347 is the support level of multiple period moving averages. If the price tests downward, these points will be tested in sequence, and if they consecutively break down, it may trigger a larger decline.
Bullish Continuation Signal
Conversely, when the 4-hour K-line closes steadily above 2475, and the subsequent periods can maintain this, it indicates that the bulls have regained control of the market rhythm, and a small-level rebound is likely to begin. This will boost market confidence in going long and attract capital to enter. At that time, the pressure levels above are worth paying attention to: 2515 is the recent upper bound of the fluctuation range, gathering a large number of trapped positions; 2558 is at a key Fibonacci resistance level; 2587 is an important psychological threshold coinciding with moving average resistance. If these pressure levels can be broken, Ethereum's price may open up new upward space.
2. Key Level Distribution and Strategy Reference
(1) Upward Pressure Level
1. First Resistance Level: 2515
This position is at the upper edge of recent price fluctuations, where a large number of previously trapped positions and profit-taking positions are waiting to be sold. When Ethereum's price rises to this point, selling pressure will significantly increase, becoming the primary obstacle for bulls to break through. Only with strong buying power combined with positive market sentiment can a breakthrough be achieved.
2. Mid-term Pressure Level: 2558
This point coincides with a key Fibonacci resistance level, forming strong resistance to price increases. To effectively break through, market bullish sentiment needs to continue to heat up, and there must be sufficient capital support. Once broken, it indicates that the market may enter a new rising phase.
3. Trend Breakout Level: 2587
Once Ethereum's price successfully stabilizes at 2587, it will confirm that it has entered a new upward channel, significantly opening up the space for subsequent rises, and is expected to welcome a strong upward momentum, which will greatly enhance market confidence and attract more capital inflow.
(2) Downward Support Level
If the 4-hour level fails to stabilize at 2475, after starting a pullback, the support levels below are as follows:
1. Primary Support Level: 2441
The support is formed by the dense convergence of short-term moving averages and is also an important support area for previous price fluctuations. It can buffer the shorts' downward pressure to some extent, delaying the speed of price decline. If supported, the price may stabilize here and attempt to rebound.
2. Secondary Support Level: 2414
As a key support level that has been tested multiple times previously, once lost, market panic may intensify, triggering more selling, leading to accelerated price declines. After breaking below this level, closely monitor market changes and adjust strategies.
3. Strong Support Level: 2383 - 2347
This area is where multiple period moving averages converge, a strategic location contested by both bulls and bears, whose gains and losses directly affect the medium to long-term trend. If strong support can be obtained here, the market may welcome a turning point; once it breaks down, it may trigger a deep pullback, changing the market pattern.
3. Summary
The battle between bulls and bears at the key price level of 2475 is the core of Ethereum's night trend. If the 4-hour level can effectively stabilize above this position, the bulls are expected to challenge the pressure in the range of 2515 - 2587. If it cannot stabilize, caution is needed for the risk of the price pulling back to the 2441 - 2347 area. The volatility is intense and full of uncertainty. It is recommended to closely monitor changes in the 4-hour K-line pattern, strictly execute stop-loss and take-profit strategies, and reasonably control positions!$ETH #ETH走势分析 
