I haven't posted technical analysis for several days, just a quick note to prove I'm still here.
Looking at $ETH purely from an indicator perspective, the weekly level currently shows that the price has firmly stood above MA120 and has generated a convergence between M50/MA100, indicating potential breakout signs!
Ignoring the indicators and looking at the naked candlestick, we can trace back to July 26, 2021, which was the price for the upward breakout, and May 9, 2022, when it fell below the upward breakout price from July 26, 2021. After experiencing 637 days, on February 5, 2021, it broke out again at this price level, and has since maintained prices above that breakout level. On March 3, 2025, it fell below the breakout point from February 5, 2024, but quickly reclaimed that price level on March 5, 2025, and formed a small double bottom on June 16, 2025. In summary, we can clearly see that the key price is 2200, while the short-term key support is at 2500!
Considering the recent selling pressure and accumulation from major players and institutions, along with technical indicators, naked candlestick, and macro news, I personally have a relatively optimistic outlook for the subsequent upward trend. It’s currently unclear how high it can go, but with a focus on risk control, we need to pay attention to whether there’s long-term price entanglement around 2500 to understand the future direction. That’s the general idea! Long-term spot traders should set their risk control points in the 2500/2200 range, with the turning point at 2430/2450.
For short-term trading, do as you wish; if you incur losses, just run, and if you make a profit, hold on. Don't let yourself suffer losses, and don’t let others take advantage of you. 🙂↔️
Note: The above is based on the weekly level for reference only and should not be taken as any advice. #币安HODLer空投LA #技术分析参考