ETH is likely to break through $2800 tonight

Currently, the bullish trend on the 1-hour chart is very healthy and strong. After a brief consolidation, the price has chosen to move upwards again, with full K-line bodies and almost no upper shadows, indicating very strong buying intent. The price continues to run 'close to' the upper Bollinger Band, which is a very typical characteristic of a primary upward trend, indicating that the market is currently completely dominated by bulls.

If market sentiment is extremely optimistic (for example, if U.S. stocks strengthen collectively after the evening opening), and bulls can gather momentum to absorb the selling pressure at $2800 and hold steady, then ETH will open up a new upward space, with the next target approaching the psychological barrier of $3000.

If the attack on $2800 fails and the bulls lack subsequent strength, causing the price to break below the support at $2700, then a technical correction will officially begin, at which point attention should be paid to the core area around $2580-2600 mentioned this morning.