Ethereum hits key resistance zone, beware of false breakout risks
Ethereum continues its strong momentum, as expected yesterday, pushing higher and currently testing the key neckline resistance at 2800-2850. If Bitcoin maintains high volatility, ETH still has further upward momentum, but beware of false breakouts — the risk of a rapid spike followed by a quick retreat.
Key technical signals:
Historical pressure zone: From August to November 2024, this area has repeatedly suppressed prices and triggered pullbacks.
Breakout path: If it firmly holds above 3000, it is expected to enter a high-level consolidation phase; otherwise, it will continue to maintain a wide-ranging adjustment at the daily level.
Volume observation: Breakouts need to be accompanied by increased trading volume; otherwise, it may be difficult to sustain.
Key price levels:
Resistance levels: 2750 - 2860 (neckline) - 3065 - 3260
Support levels: 2520 - 2350 - 2250 - 2160 - 2000
Operational strategy:
Short-term: Pay attention to the breakout situation in the 2800-2850 area; if there is a rapid spike followed by a retreat, beware of false breakouts.
Medium-term: An effective breakout above 3000 opens up upward space; otherwise, the volatility pattern continues.
Risk control: Dropping below the 2520 support or accelerating the pullback.
(Market volatility is increasing; it is recommended to adjust strategies flexibly in conjunction with BTC movements and strictly enforce stop-loss.)
