Short-Term Analysis of ETH Market (Current Price: 2632)

Market Overview:

Ethereum (ETH) has shown a strong upward trend, rebounding from yesterday's low of 2480 to the current price of 2632, an increase of about 6.2%. The bull market still has momentum! The candlestick chart shows high-level fluctuations with bulls and bears contesting at 2800 and 2578, and the market seems to be waiting for a major news event to ignite further action, creating a somewhat heated atmosphere!

Consolidation Range:

Upper Resistance: 2800 (psychological level).

Lower Support: 2578 (key bottom).

Technical Quick Review:

Four Hours: The price has risen from 2480 to 2632, with a slight increase in volume, suggesting a test of the high.

One Hour: Near 2632, bulls and bears are contesting, with a push to 2800 or a drop to 2578 determining the trend.

Real-Time Dynamics:

Today, ETH has rebounded from yesterday's low of 2480, with a slight increase in volume and a warm market sentiment. Attention should be paid to the U.S. market opening or any large on-chain transfers.

Trend Prediction:

ETH is fluctuating in the 2578-2800 range; if it hits 2800 without breaking, it may be a short opportunity, while a stabilization above 2578 could be a long opportunity. Without major news, it will continue to grind, and the most stable approach is through waves!

Breakthrough Outlook:

Current price at 2632, with strong bullish sentiment, expected to oscillate short-term in the 2578-2800 range. To push towards 2900 or drop to 2500, significant news or a surge in volume is needed. If BTC (106018) pushes towards 111959, ETH may break above 2800.