Last night, ETH experienced a thrilling roller coaster: it first surged strongly, igniting market enthusiasm, but then unexpectedly fell; this morning, the bulls once again made an effort to break through the key psychological level of 2800, but like a dragonfly skimming the water, it failed to stabilize! The current price hovers around $2778, firmly above the middle line of the Bollinger Bands—behind this delicate balance is the undercurrent of major funds, and a decisive battle determining the short-term direction is quietly brewing.

Last night's rise and fall: Major forces 'precisely harvest' from the good news.

Key resistance level blockade: The chart clearly shows that the first strong resistance above is in the $2830-2834 range. Last night, ETH reached this level and faced a large amount of technical selling pressure and previously trapped sellers, forming a natural barrier.

Major funds 'quick in and out': The bottom '筹强' signal suggests major funds briefly intervened to push prices higher. However, '委比: +0.23%' reveals that buying power is not strong. Major forces are likely to take quick profits as market optimism approaches the 2830 pressure zone, leading to a rapid price drop, completing a classic 'pump and dump'.

Another attack on 2800 this morning: ETF expectations ignite hope, but the foundation is unstable.

News-driven surge: The rise breaking through 2800 this morning is likely stimulated by the cooling of US CPI data (positive for risk assets) or rumors of ETH spot ETF approval. Market sentiment was instantly ignited, with buying pressure pushing prices higher.

'False breakout' reveals hidden dangers: The price briefly pierced 2800 before quickly falling back, forming a 'false breakout'. This directly reflects:

Insufficient continuous buying: This shows that the order volume at the current price level is not vastly different, lacking overwhelming buy support.

The pressure in the 2850-2890 range is like a mountain, and the market lacks confidence in a one-time breakthrough, with some funds choosing to exit at highs.

The middle line of the Bollinger Bands is the lifeline: A decisive battle between bulls and bears is imminent.

Currently, ETH is around $2778, operating close to the middle line of the Bollinger Bands. The middle line serves as a crucial dividing line for short-term strength and weakness, and its gains and losses are vital:

Bullish stronghold (upside scenario):

If it can continue to stabilize above the middle line (current dynamic support around 2770-2780) and accompanied by a moderate increase in trading volume (actual market changes need to be monitored), then after accumulating strength, it is expected to attack 2800 again and challenge the core resistance zone of 2830-2834.

If it successfully breaks through and stabilizes at 2834, the target will point to 2850 or even 2890.

Bearish breakthrough point (downside risk):

If it effectively breaks below the middle line of the Bollinger Bands support, it may trigger technical selling, testing down to 2750, 2730, or even the 2700 round number.

Stronger support below is in the 2650-2550 range.

Explosive strategy: Keep a close eye on major forces and follow the trend.

Breakthrough pursuit: If the price stands firmly at 2800 with significant volume (notably higher than current levels), it can be seen as a strong return signal, with a short-term target of 2830-2834. A breakthrough in this area could see a rise to above 2850.

Middle line defense: The current price is near the middle line, and cautious investors should observe. If it retests the middle line (~2770-2780) and receives support without breaking, it can be viewed as a technical buying opportunity, with a stop-loss set below 2750.

Stop-loss on breakdown: If it breaks below the middle line of the Bollinger Bands with increased volume and cannot quickly recover, especially accompanied by a negative '委比' (selling pressure dominant), then further downside risks need to be heeded, considering reducing positions or stopping losses, with support below at 2750 and 2730.

The market is rapidly changing; only the traces of major forces and key price levels are the most real! Can ETH rely on the middle line to launch a second assault and break the 2834 shackles? Pay close attention to intra-day volume changes and major order movements; the breakthrough moment is just around the corner!

#以太坊生态回暖

Don't pay attention to the iron eagle? Next time there's a crash, you won't even be able to grab the rooftop Wi-Fi!

$ETH