ETH Peak Departure + Main Force Distribution, the 2500 Level Determines the Survival of the Bull Market!
$ETH Yesterday, the price surged to 2788 USD before quickly retreating; this position may very well become a temporary peak. From a technical perspective, the MACD indicator has already shown a top divergence signal, indicating that the upward momentum is weakening.
More crucially, during this surge, the trading volume has noticeably shrunk, and there has been a significant distribution of chips, indicating that the main funds are withdrawing.
Currently, two key levels need to be closely monitored: the upper range of 2730-2766 USD acts as a resistance area for rebounds; if it cannot break through, it will confirm a top formation; the lower range of 2550-2520 USD serves as a short-term support area, and if it fails to hold, it may trigger a deeper correction. Pay attention to the important psychological level of 2500 USD; if it effectively breaks down, this round of bullish momentum may come to an end.
In terms of strategy, it is advisable to remain cautious. Until the price effectively breaks through 2788, any rebound could be a false signal to lure in buyers; after the appearance of the top divergence signal, the market often requires a long time to digest and adjust.
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