The current Ethereum (ETH) trend is clearly strong, successfully breaking through the resistance level of $2730 from the past 15 days and reaching a new high, with short-term market sentiment leaning bullish. According to technical analysis, three potential trend scenarios have emerged, which can be judged based on the resonance trend of Bitcoin (BTC):
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✅ Current Market Conditions:
• ETH has broken through the key resistance level of $2730, turning it into a short-term support level.
• If the upward trend continues, the first pullback to $2730 may present a good buying opportunity.
• However, one should remain cautious of a "false breakout" to avoid being lured into buying before a market correction.
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📈 Three Major Potential Trend Scenarios:
Scenario 1: Healthy Pullback Followed by Rise (Strongest)
• ETH continues to rise and reaches the resistance level of $2830 before pulling back.
• Once the pullback confirms the support at $2730 is valid, it quickly rebounds and rises again.
• The market does not provide many low entry opportunities, with clear control by the main players.
Scenario 2: Immediate Pullback to Support and Then Rise
• ETH directly pulls back to the range of $2700–$2730 after the breakout.
• If the support holds, it will quickly rebound and start a new round of upward movement.
• This is a common technical move of "pullback confirming a valid breakout."
Scenario 3: False Breakout Trap (Caution Required)
• ETH briefly breaks above $2730 then quickly drops below support, forming a false breakout.
• Following BTC, it may experience a significant pullback, potentially testing the support around $2600.
• Bears gain liquidity, and those who chase the highs easily get liquidated.
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⚠️ Operation Suggestions:
• Conservative: Observe the pullback situation at $2730 before considering entry.
• Aggressive: Small position setups can be made with strict stop-loss settings.
• Continue to monitor BTC trends, as they affect ETH's volatility and direction.
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Conclusion: Although ETH currently shows a breakout trend, one must remain alert to whether it is a "trap for bulls."
💵 Closely monitor the performance of the $2730 support and the resonance situation with BTC.