The aunt recently broke through the critical level of 2,857, indicating what I call the potential breakthrough of the super box - a price range that defined its past two bull markets. At first glance, this seems to mark the beginning of a new round of rebound.
However, the unexpected war between Israel and Iran triggered a sharp reversal. Capital quickly withdrew, and $ETH fell back into the box. The breakout was false - many highly leveraged traders were liquidated before they even realized what was happening.
This is a painful lesson about risk and position management. When the market fakes a breakout, emotional or overconfident traders are often the first to exit. Once again, a large number of traders exited the market before the real trend began.
Currently, ETH is still oscillating within the super box. The structure remains intact. Until we get a confirmed breakout and maintain above the box, the market will remain in a consolidation phase.
> My view remains unchanged: a solid breakout above the super box will directly target $4,000 and mark the true beginning of the next bull market cycle.