Is liquidity drying up? The market has become a "frightened bird," with both bulls and bears hesitant to take action. Can Ethereum hold its ground for the last stand in 2025? Analysis on two levels!
During this period of confusion, key technical levels are more important than news. The core support zone is: 2710-2650. This level is not drawn arbitrarily; it is the starting platform from multiple previous rebounds after declines, and can be understood as the "strategic buffer zone" for bulls on the daily level. If this level is broken with significant volume, it means the psychological defense line of bulls is collapsing, and the space for decline will open up. If the price, due to market panic, revisits the 2710-2650 area and there are clear signs of slowing down or stopping the decline on the daily chart (such as a long lower shadow), then this is a daily level rebound opportunity worth betting on. The logic is: key area + panic emotion easily forms short-term consensus.
From the 4-hour level, after the price drops to the above area, we need to see signs of "not being able to fall further" on the 4-hour chart. For example, continuous bottom divergences, completion of TD sequence counting, or a decisive bullish engulfing candle. The area of 2780-2820 is the lower edge of the previous platform on the 4-hour level and also the initial pressure zone for this downtrend. A rebound to this level will face the first wave of selling pressure from those looking to exit, making it a key test point.
Intraday operation suggestions:
Long near 2710-2650 with a target of 2780-2820
Short near 2895-2925 with a target of 2780-2750
