Ethereum (ETH) has recently shown a clearer trend after small-scale fluctuations, presenting a significant upward continuation pattern. The price formed a small bottom after three consecutive touches on the support at the low, and then rebounded.

Currently, the price has reached the upper pressure line (i.e., the pressure level transformed from the previous high support), facing some selling pressure, which has led to short-term fluctuations to digest the selling pressure. This pattern is relatively common in the market, and after digesting the selling pressure, it is highly likely to welcome a wave of accelerated upward movement. It is recommended to arrange long positions around 2600 points.

The subsequent trend may have two scenarios: one is a pullback near 2600, forming a triangular consolidation before starting to rise; the other is a direct breakout of the pressure line and accelerated upward movement. To be prudent, it is recommended to wait for confirmation of the support level near 2600 before entering long positions, as it offers a better risk-reward ratio.