1. Core points and trend assessment
Bullish continuation pattern
If Ethereum can maintain above 2575 during the intraday pullback, it indicates that the bulls are firmly in control across all cycles, and the upward trend will be further solidified. In this scenario, bulls are expected to launch an attack towards higher targets, with key resistance levels to watch at 2646 - 2677 - 2700. Among these, 2646 is the upper boundary of the recent price fluctuation range, where there are many trapped positions and profit-taking orders, making it the first hurdle for the bulls to break through. 2677 coincides with a key Fibonacci resistance level, showing significant suppression, requiring sufficient buying power to break through. 2700 is a significant psychological level; once effectively broken, it may open a new upward space for Ethereum.
Bearish dominant signal
If Ethereum pulls back and breaks below the key support level of 2575, the 1-hour level will quickly open a retracement trend, with bearish forces dominating, and market pressure intensifying in the short term. The support levels below 2535 - 2500 - 2475 will successively become the defense line against bearish probing.
- 2535 primary support: This position is formed by a technical support band of short-term moving averages, providing initial buffer for prices and slowing down the bearish descent.
- 2500 psychological defense line: This level has repeatedly served as important support in recent fluctuations, carrying the key psychological expectations of market participants. If broken, it could trigger panic selling.
- 2475 strong support level: Multi-cycle moving averages converge here, forming the core area of contention between bulls and bears. Once lost, it could trigger a deeper decline.
Last night's Ethereum trend was dramatic. After breaking the second support level during a pullback, it quickly surged near the third resistance level, highlighting the intensity of the battle between bulls and bears. Today, the price level of 2575 has become a key pivot for determining Ethereum's trend, and its gains or losses will directly influence the market's subsequent direction. The performance of each cycle's candlestick at this price level is worth closely monitoring.
2. Summary
The gains or losses at the key price level of 2575 are the core point for assessing Ethereum's trend today. If it can effectively stabilize above this position in smaller candlestick charts, the bulls are expected to challenge the resistance in the range of 2646 - 2700. If it cannot hold, caution is needed for the risk of a price pullback to the 2535 - 2475 area. It is advised to closely monitor changes in small candlestick patterns, strictly implement stop-loss and take-profit strategies, and reasonably control positions, combining technical and fundamental information for comprehensive analysis!$ETH #ETH走势分析 
