Ethereum (ETH) market analysis: Last night, the price rose to the second resistance level and entered a consolidation phase at the top in a minor cycle. Today's focus is on the key watershed at 2546:
- Bullish continuation: If the 1-hour closing price firmly holds above 2546, it indicates that all cycles are in a bullish dominant pattern, and further upward momentum is expected. The resistance levels at 2576, 2610, and 2655 will become important barriers, and if effectively broken, it may open up upward space.
- Bearish reversal risk: Once the price breaks below the support level of 2546, a minor downtrend will be confirmed, with lower levels of 2526, 2506, and 2480 forming sequential support lines. If these support levels are successively lost, caution should be taken as the market may experience a larger adjustment.
Summary: 2546 is the key pivot point for today's Ethereum long-short game, directly affecting the short-term trend direction. If this position is held, bullish momentum is expected to continue; if it breaks down, the market may turn into a volatile correction. It is recommended to closely monitor the 1-hour K-line trend and flexibly adjust trading strategies based on key support and resistance levels to seize market rhythm.$ETH #以太坊走势
