Yesterday, the Ethereum 1-hour level showed significant volatility, with the price experiencing a strong counterattack from bears after a brief rise. During the session, there was a quick surge that tested the upper resistance but failed to break through effectively. Subsequently, selling pressure surged, and the price quickly retreated, falling below the key support area. Both bulls and bears engaged in intense competition within a short period, resulting in a noticeable roller-coaster-like fluctuation, and market sentiment turned cautious again.

Despite the significant short-term pullback, the lower support area demonstrated strong resilience, with multiple tests not resulting in an effective breakdown, indicating a gradual increase in the willingness to buy at lower levels. The current structure is still at the lower bound of the consolidation range, and the MACD indicator has begun to show divergence signals, with bearish momentum diminishing. In terms of operations, one can gradually establish long positions relying on the key support area, paying attention to rebound opportunities after the price stabilizes, with stop-loss set below recent lows. The market may maintain a volatile pattern in the short term, avoiding chasing highs and selling lows, and patiently waiting for opportunities to buy at lower levels.

Long near BTC 86800, with a target of 88800.

Long near ETH 1560, with a target of 1610.