$ETH Price has increased by 5.05% in the past 24 hours, market sentiment is leaning towards optimism, showing a green area. This increase indicates a strengthening of short-term buying power, but investors still need to be wary of potential pullback risks. From the hourly chart, it is testing the support level around $2562, further probing the $2550 area. If this support level can hold effectively, it is expected to push the price up. If it breaks below, it could trigger a deeper adjustment.
From a medium to long-term perspective, the $2500-$2550 range is a key observation area, where sellers may increase selling pressure, limiting further price increases. Traders need to closely monitor the bullish and bearish contest in this range to assess the subsequent trend. In addition, the weekly level trends are also worth noting. Currently, ETH and other major assets have not formed strong breakthrough momentum. The market may maintain a consolidation pattern, and without new catalysts, sideways trading may become the main mode of operation in the short term. Quoting $2584, the market is still in a critical decision-making phase. Investors should remain cautious, combining technical analysis with market sentiment to flexibly adjust trading strategies to cope with potential volatility.
