During the early trading session, Ethereum's price showed signs of rebound after breaking through the second support level. Currently, the price level of 2520 has become a critical watershed for the intraday trend, playing an important guiding role for the subsequent market development.
If the 1-hour level K-line closing price can effectively stand above 2520, it indicates that the short-term bullish forces are gaining the upper hand, likely pushing Ethereum to start a rebound trend. There are significant resistances above, with a focus on the three key pressure levels of 2560, 2590, and 2623. The price may encounter resistance and pull back when reaching these levels due to increased selling pressure.
If the 1-hour level K-line closing cannot stand above 2520, it indicates that this rebound lacks effective momentum, and the bearish forces still dominate, making it highly likely that the price will continue its downward trend. Below, the support levels to watch are 2480, 2450, and 2418. These points may temporarily halt the price decline, but once breached, it could trigger further downward movement.
Summary: 2520 is the core observation point for Ethereum's intraday trend, and the closing situation at the 1-hour level will determine the market's bullish or bearish direction. Standing firm at this price level can be seen as a rebound signal; conversely, caution should be exercised regarding the risk of continued decline. Everyone can flexibly adjust their operational strategies based on the price performance at key points, seize trading opportunities, and ensure proper risk control. $ETH #以太坊走势
