ETH Market Analysis | Consolidation Awaiting Breakthrough

Current Market Status

• Daily chart continues to show narrow-range consolidation, directional signals are not yet clear

• Short-term trend remains highly dependent on BTC market movements

• Trading volume remains stable, with no significant capital movement

Technical Structure Assessment

Key Support Zones:

Short-term defensive level: 1760-1690 range

Medium-term important support: 1540-1460 range

Upward Target Levels:

First resistance at the 2000 round number

After breakout, look for resistance zone at 2120-2310

Ideal Trend Projection

Most favorable market evolution path:

Follow BTC to complete a quick pullback (testing 8-hour level support)

Form a strong rebound after a daily lower shadow

Breakout with volume and target 2100

Enter adjustment after completing the daily upward structure

Operational Strategy Recommendations

• Wait-and-see strategy:

Wait for clear breakout signals before entering

Monitor BTC's influence on ETH

• Proactive positioning strategy:

You can gradually build positions in the 1760-1690 support zone

Increase positions after breaking through 2000

Risk Warning

• A drop below 1690 support may trigger a deeper adjustment

• Beware of false breakouts that lure in buyers

• Overall position should be dynamically adjusted in line with BTC movements

Conclusion

The current market is at a critical decision point; it is recommended to be patient and wait for the technical structure to complete. A breakout above 2000 will confirm the start of a new upward trend, while a valid drop below 1760 may extend the adjustment period. Trading strategies should be based on key level breakouts.