Two Pancakes ETH Afternoon Analysis Tension in the Situation, Ethereum Sideways
📌 After Ethereum rebounded above 2550, it started to remain stagnant. What's the outlook?
🔍 The previous round of sharp decline dropped from 2879 directly to 2436. Although there was a short-term rebound, this wave of upward movement clearly lacks strength, as several consecutive bullish candles failed to break the 2575 resistance level.
📉 MACD has begun to shrink and decline; if the rebound does not accompany increased volume, it is very likely to be a 'false move'.
⚠️ The current range of 2550~2575 is mainly a consolidation. If it breaks below 2520, the bulls will have to hand over their positions!
📊 Additionally, with the escalation of geopolitical tensions, although the market has risk aversion expectations, Ethereum has clearly not kept up with the pace, which indicates that capital is still on the sidelines.
📍 In summary: Weak rebound + weak volume = no direction, rolling short on highs and long on lows is the rhythm.
