In the nighttime fluctuations of Ethereum (ETH), the key to price movement lies in the core support level of 2642. This level acts as a 'strategic stronghold' in the bull-bear battle, and its gain or loss will directly influence the short-term market direction. The performance of all cycle candlesticks at this price level is worth paying close attention to.

I. The bullish strong pattern continues

If ETH can consistently hold above 2642 during nighttime retests, this is undoubtedly strong evidence that the bulls firmly control market initiative, and the current upward trend is likely to be further solidified and expanded. In this case, bulls may launch an attack on higher targets, with three key areas of resistance to focus on:

- 2692: As an important resistance level for recent price increases, this area has accumulated a large number of profit-taking orders, forming the first obstacle for bullish breakthroughs. If successfully broken, it will open up new space for price increases.

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- 2725: Overlapping with key technical resistance levels, this area not only presents technical suppression but also accumulates a large number of trapped positions. A sufficient buying force and positive market sentiment are needed for a potential breakthrough.

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- 2768: As a round number, it bears both psychological and technical pressure attributes. Once effectively broken, the ETH price may start a new round of strong upward movement, opening up a new upward channel.

II. Bearish-driven correction risk

If ETH falls below the key support level of 2642, it is expected that the 1-hour level will quickly enter a correction phase, with bearish forces dominating the market, facing significant adjustment pressure in the short term. The lower support levels of 2601 - 2555 - 2503 will successively become important defenses against bearish declines:

- 2601: The primary support band formed by short-term moving averages can provide initial buffer for rapidly falling prices, slowing the pace of bearish movement.

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- 2555: This level has repeatedly acted as a key support point during recent price fluctuations, carrying important psychological expectations from market participants. If this level is breached, it could likely trigger panic selling, exacerbating downward price pressure.

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- 2503: Multiple cycles of moving averages converge here, forming a core area of contention between bulls and bears. Once this strong support level is effectively broken, the market may trigger a deeper downward trend, further intensifying market pessimism.

III. Summary

The gain or loss of the key price level of 2642 is the core point for assessing ETH's nighttime trend. If it can effectively stabilize above this position in small-scale candlesticks, bulls are expected to challenge the resistance levels of 2692 - 2768; if it cannot hold, one should be wary of the risk of price retreating to the 2601 - 2503 area.

Price fluctuations are intense and filled with uncertainty. It is recommended to closely monitor small-scale candlestick pattern changes, strictly execute stop-loss and take-profit strategies, and reasonably control positions!$ETH #ETH走势分析