ETH's decisive battle at the 2600 line of life and death! Will bulls and bears clash here?
Keep a close eye on the ETH 1-hour chart; this drama is unfolding. After a price surge to a high of 2680, it quickly faltered. The subsequent oscillation and rise seem lively but are actually lacking in energy, a typical 'false strong' trap.
Current rebound is weak: Moving averages are intertwined, and MACD/RSI are unresponsive, indicating that the bulls are unable to control the situation. This is not the trumpet of a new uptrend, more like a gasp for breath.
2600 decisive high point: This threshold is by no means ordinary resistance, but rather a watershed for bulls and bears' fate. Can it break and stabilize at 2600? A false rebound may turn true, and one must decisively switch to bullish!
Failed upward attack? A second bottom test is inevitable, targeting the abyss at 2524.
Downward risk still exists: Combining volume and other indicators, the main force shows no intention of launching a strong attack at this moment, and the probability of a pullback to 2524 has sharply increased.
How to respond to this volatility?
Wait for signals, do not gamble on direction! Exciting candlestick dances are the easiest to mesmerize the eyes. Before the victory or defeat at the 2600 high point is determined, any agitation is gambling. Let the market provide the answer.
Breakthrough for real? A lethal blow! If 2600 is forcefully breached and stabilized, the bearish logic crumbles, and one must not hesitate to adjust positions and turn bullish, embracing potential reversal.
Failed upward attempt? Capture the shorts! If the price shows fatigue below 2600 and refuses to break above, it is a good opportunity for bears to exert strength, targeting the support zone at 2524.
This is by no means a mundane script. The choice at 2600 will ignite subsequent market movements. But regardless of how the script unfolds, risk management is always the protagonist. Set stop losses and plan positions. Behind the exciting and stimulating volatility is the reality of profits and losses being borne by oneself.
The market is like a battlefield, and 2600 is the hill that decides victory or defeat. Endure the solitude, just wait for the flames of war.
Want to make money, don’t be a lone warrior! Follow me, and comment to share your views, let's seize the lucrative opportunities of the bull market together.
