Ethereum (ETH) Technical Analysis: Focus on Potential Top Structure and Key Resistance

Core Logic:

1. Daily Cycle Risk Accumulation: The current price is operating in a significant upward trend's top divergence phase, and the technical structure shows momentum exhaustion. Once the 4-hour oscillation center is completed, the probability of confirming a major cycle top divergence is extremely high. This signal will indicate that a medium-term adjustment trend may begin.

2. Key Resistance and Bull-Bear Game:

• Last night's price attempted to rise again but faced strong resistance, falling back enough to engulf all gains of the day, suggesting that short-term bears hold the advantage.

• Current 4-hour cycle observation: The strength of the third segment of downward movement (i.e., the latest pullback) is stronger than the previous two segments, structurally weakening the momentum for a direct continuation of the upward trend.

• Core resistance level 2879 (last night's high): This has become a watershed for bulls and bears. If the subsequent rebound can make a new high, it will create an ideal high-confidence shorting opportunity (divergent structure + false breakout confirmation). If the rebound is blocked below 2879, strict risk control will be needed to enter short positions at this level.

3. Breakout Confirmation and Downward Targets: Regardless of whether the previous high is broken, closely monitor whether the price can effectively break through the intra-day low support during subsequent pullbacks (a breakout would open up downward space and strengthen the adjustment trend).

4. Operational Strategy: Focus on the 30-minute cycle: After observing the possible last pressure action in the short term, watch the speed and energy of the 30-minute level rebound. Its strength will become a key micro signal for judging the timing of short entry (or whether the rebound continues beyond expectations).

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