ETH Market Hot Commentary (Current Price: 2587)

How did Ethereum (ETH) suddenly surge on this day? From preparing to complain to directly breaking through 2520, it's simply a dramatic reversal! The 2480 resistance zone has been effectively breached, and the K-line trend resembles a 'carp leaping over the dragon gate.' Bulls and bears are fiercely battling between 2560-2580 and 2480, and the market seems to be brewing a major upward trend; the next wave may either stabilize and continue climbing or adjust downward!

Key Areas:

Upward Resistance: 2560-2580 (next resistance zone), 2680 (potential target).

Downward Support: 2480 (breakout point).

Trend Observation:

Four Hours: After breaking through 2480, it surged to 2587, with a significant increase in volume, indicating clear capital driving.

One Hour: Near 2587, bulls and bears are in a tug-of-war, breaking through 2560-2580 or falling back to 2480 will determine the direction.

Overall Network Information Analysis:

ETH's surge today may be driven by positive sentiment in the Asian market, with a surge in on-chain activity and capital inflow. Progress in ceasefire negotiations, combined with favorable news regarding Hong Kong's virtual asset licenses (news from the 23rd), has boosted market confidence. However, the inability to stabilize above 2520 and the subsequent drop indicate profit-taking, and the 2680 resistance requires volume support; if the situation reverses or positive sentiment fades, 2500 may be tested again.

Trend Speculation:

If it stabilizes above 2560-2580 and breaks through 2680, a major upward trend can be expected; breaking below 2480 could test 2450!