ETH is on the verge of a strong breakout, with technology and value resonating to build an upward pattern.
Recently, ETH has shown strong breakout momentum, gradually forming a fluctuating upward channel in its technical structure, with the market dynamics shifting from passive to active. Although some investors remain concerned about the selling pressure from the trapped positions formed at previous highs, the continued net inflow of on-chain funds and the steady increase in settlement layer value provide solid underlying support for the price, effectively hedging against potential selling pressure.
Market sentiment has also undergone a positive shift, gradually warming from extreme fear to a cautiously optimistic range, reflecting that investor confidence is being restored. Coupled with a rebound in Ethereum's ecosystem activity and continued institutional-level funding injections through channels like ETFs, market expectations for improved liquidity have further strengthened the bullish logic.
The current focus is on the confirmation of a breakout from the key resistance area. If the price can effectively stabilize and continue to expand, it is expected to open up a new round of upward space. For holders, while it is necessary to be wary of the fluctuations brought about by short-term volatility, there is no need to be overly pessimistic. In the medium term, the value capture potential of ETH as a core digital asset remains significant and is worth strategic holding.
$BTC Technical analysis
📊 Current price: 3025.59 USDT
🟢 Support level: 2965.28 USDT (near strong support, offers good value for layout)
📍 Support range: 2933.0 - 2973.12 USDT (multi-cycle convergence, strong resilience area)
💡 Entry strategy: It is recommended to place buy orders in batches near the support range and control the position pace; if the price effectively breaks below the lower edge of the support range, be cautious of the risk of a pullback and promptly stop losses to avoid extreme fluctuations.
