ETH Evening Trend Analysis:
Ethereum (ETH) is repeatedly oscillating around the $2500 integer level, with both bulls and bears fiercely contesting this position.
From a weekly perspective, a high-position doji pattern has formed for four consecutive weeks, releasing a significant trend-changing signal—there is strong selling pressure and profit-taking around $2730. The trapped positions after half a year of fluctuations are now releasing concentrated selling pressure, leading to intensified short-term upward resistance.
Key Point Operation Strategy: Bullish Positioning:
A volume breakout above $2520 allows for right-side long positions, while conservative traders may wait for a pullback to confirm support at $2495 before entering, targeting $2550; if the hourly level stabilizes above $2550, the further target points to $2582-$2621, with the ultimate Fibonacci 1:1 upward target at $2605. If broken, it could challenge the 1.618 extension level at $2698.
Bearish Signal: An effective drop below $2495 with increased volume could lead to a short position, with short-term targets at $2450-$2395 (4-hour level support).
Risk Warning: The current weekly doji formation is dense, reflecting the market's cautious attitude towards the resistance level at $2730, necessitating vigilance against the risk of a pullback after a high.
In operations, closely monitor changes in volume; both breakouts/downtrends require “volume confirmation,” and strict stop-loss settings should be established (refer to a volatility range of 2%-3%).
By the way: After the college entrance examination, discussions on educational path choices have arisen, but the crypto market is similar to academic planning—rational judgment of trends is needed to avoid blind “patterns.”
For ETH, whether it can stabilize above the $2500 level will be a key observation window following the opening of the U.S. stock market tonight.
