$ETH

🧭 ETH has been stuck between $2735 and $2323 for several days, bouncing back and forth like a buildup phase before a big move, a breakthrough is necessary for a new structure!

🟩 Bullish Scenario: Challenge the resistance zone, targeting above 2879+

Currently, bulls are striving to push upward:

If it can break through $2635, it will aim to challenge $2738;

If this wave can break through the $2738-$2879 resistance zone, it will be a true breakthrough, and the subsequent bullish space will be opened up!

However, the pressure in this range is considerable, with a large number of sellers waiting here, making it not so easy to get through.

But, we still have hope:

If the price is blocked from above but can stop falling and rebound near the 20-day moving average, the bulls will immediately organize a second assault.

🟥 Bearish Scenario: Be cautious once support is lost!

Don’t celebrate too early; if ETH breaks below the 20-day moving average, it indicates that this upward move is just a “false signal”;

It will continue to consolidate between $2323 and $2735;

If it further breaks below the key support level of $2111, the bears will take full control of the market, potentially triggering a deep decline!

🔍 Current Pattern Summary

⬆️ Upward

Break through 2635/2738

Look towards 2879 or even 3153

⬇️ Downward

Break below the 20-day moving average/2111

Pull back to below 2111 or even the 2000 level