Ethereum Dynamics (Current Price: 2535)
$ETH Strong rebound after yesterday's low of 2433, today peaked at 2585, current price 2535, down about 8.5% from previous value (2769), showing a rollercoaster market! The K-line trend rose from a low and then fell back at a high, with bulls and bears battling between 2585 and 2433. The market seems to be waiting for a directional indicator, the next wave could be a deep correction or a new high!
Key Areas:
Upward Resistance: 2585 (Today’s High).
Downward Support: 2433 (Yesterday’s Low).
Trend Observation:
Four Hours: Price rebounded from 2433 to 2585 and then fell back, with increased volume, indicating rapid inflow and outflow of funds.
One Hour: Bulls and bears are stuck around 2535, breaking above 2585 or falling below 2433 will clarify direction.
Analysis:
ETH's rise today was driven by morning market optimism, with some analysis pointing to ETF inflows and institutional buying warming up. However, last night’s news about the Iran-Israel conflict triggered global market panic, leading to a decline in the crypto market, and ETH failed to hold above 2700, dropping over 9%. The current global focus is on the progress of the conflict and the reaction of the U.S. stock market; if the conflict escalates, ETH may test 2400 again; if it eases with positive ETF news, 2600-2800 still has hope. On-chain data shows increased large liquidations, with significant market divergence.
Trend Speculation:
Breaking below 2433 or testing 2300; if it stabilizes above 2585, it may restart the uptrend to 2700! Geopolitical factors and fund flows are key, and swing trading needs close attention!
Prospect Outlook:
Current price 2535, short-term trading between 2433-2585. Breakthroughs require news on the conflict or major positive events (like ETF expansion) as a driver.
