After a period of small fluctuations in ETH, the current trend has become quite clear. There is a distinct upward continuation pattern, as the price has bounced back after touching the support three times at the recent low, forming a small bottom. Following that, the price has begun to rebound.
Since it has reached the upper resistance line, which is also the previous high point's support turned resistance, there is selling pressure, leading to price fluctuations to digest this selling pressure. This is also a relatively common trend pattern, so after digesting the selling pressure, there is a high probability that the price will accelerate upward, and one can consider buying near 2600.
Here, it will either retest around 2600 to form a triangle before taking off or it may take off directly. Therefore, it is advised to wait for a pullback to the lower edge before entering a long position for more stability.
