The analysis from noon today remains unchanged.
Tonight's ETH analysis:
The current price around 2529 shows that buying pressure is significantly stronger than selling pressure;
There is relatively strong buying support in the 2520~2500 range;
The selling pressure above is not dense, but the resistance is concentrated around 2550/2575, which is a previous area of intensive trading and an important moving average resistance level.
If the price strongly breaks through the 2575-2580 area and holds, short positions can consider switching to long after stopping losses.
The current trend is in the consolidation phase of a short-term rebound structure;
The bulls are trying to break upwards, but there is heavy resistance above, and the momentum is insufficient to chase high;
It is recommended to primarily buy low and take quick trades, waiting for a clear direction before adding positions;
Control the position size at 10%~20% to prevent drastic fluctuations.
Also, I want to tell everyone that this price level is not a good opening position; it has been declining for the past two days, so those joining later should not rush, as I will be opening positions.