ETH breaking through 2580 is a glimmer of hope, but don’t rush to shout 'the pullback is over'!

Brothers, ETH finally broke through the 2580 mark tonight, which is quite uplifting! This indicates that the bulls are starting to gain momentum, and the previous 'ceiling' that was suppressing the price has been breached, increasing the hope for a short-term rebound.

BUT! Don’t celebrate too early. Just standing above does not mean the pullback is truly over; there are subtleties involved:

  1. Stabilizing counts as a win: If it just briefly goes up without a significant increase in trading volume, it’s likely just a 'false move,' a technical rebound meant to mislead. We need to see if it can firmly establish itself above 2580 with a noticeable increase in volume; only then can we consider it an effective breakout, significantly increasing the chance of the pullback ending!

  2. Indicators need to 'coordinate': Just looking at the price is not enough; we also need to consider the 'helpers':

    If the RSI (Relative Strength Index) climbs above 70, even if the price stands above 2580, it is prone to weakness and may fall again.

Technical analysis alone is insufficient; we must also assess whether the 'market is hot':

Sentiment is a barometer: If the entire market is still sighing and everyone lacks confidence in ETH, even if we forcibly push it up to 2580, it may be knocked back down. Conversely, if everyone’s sentiment warms up and confidence returns, the pullback might conclude earlier. Veteran investors understand that the freezing point of sentiment often hides opportunities.

Where the money flows is key: Is there big money secretly buying ETH? Or is the entire crypto space 'sucking up funds'? Money coming in gives ETH the confidence to stabilize or even rise. No money? Then a breakout is uncertain.

Therefore, ETH standing above 2580 is a positive signal, indicating that the bulls are making an effort, but it is not definitive proof that the pullback has ended! We need to see if it can stabilize and increase in volume, whether technical indicators resonate positively, and if market sentiment warms up along with the inflow of funds. Tonight's breakthrough is the first step; whether it can hold its ground in the coming days is the key!


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