ETH at 2800 is Coming
Currently, the hourly chart shows a very healthy and strong bullish trend. After a brief consolidation, the price has chosen to rise again, with the candlestick body being full and almost no upper shadow, indicating a very strong buying intention. The price continues to run 'close to' the upper Bollinger Band, which is a very typical characteristic of a main upward wave, indicating that the market is currently completely dominated by bulls.
If market sentiment is extremely optimistic (for example, if the risk market collectively strengthens after the U.S. stock market opens in the evening), and the bulls can capitalize on this momentum to absorb the selling pressure at 2800 USD and hold steady, then ETH will open up new upward space, with the next target being the psychological level of 3000 USD.
If the attempt to break through 2800 USD fails, and the bulls subsequently lack strength, causing the price to fall below the support at 2700 USD, then a technical correction will officially begin. At that time, we need to pay attention to the core support zone around 2580-2600 USD that we mentioned this morning.
There’s still room, let’s keep going
