Evening ETH core thoughts
The evening ETH core closely watches the bullish flag pattern, which is key to the current market.
If it fails to break through the flag resistance, the risk increases after a pullback— the area indicated by the left yellow arrow is a vacuum zone for chips, and the speed of decline is twice that of the rise.
Key points to note: 2937 is the last defense line; as long as it hasn't been broken, pullbacks and fluctuations are within a safe range;
Once it breaks down with volume, look quickly to 2844. If you want to end the bearish trend, it needs to break through the flag with volume and stabilize above 2993, otherwise maintaining fluctuations is optimistic, and do not hold too high expectations for a rebound.
Operation instructions: breakthrough at 2970 with volume can be a right-side buy; if it breaks down with volume at 2932, decisively go short.
Core focus on changes in volume, be sure to set stop-losses to avoid risks.
Target clearly defined: stabilize above 2970 on the hourly chart, looking up to 3000-3037; if the 4-hour chart breaks below 2944, look down to 2885-2812.
Supplementary trend judgment: the hourly M-top warned at noon has officially formed, after breaking the 2975 neck line previously and failing to recover, confirming the trend downwards.
Only when it stabilizes above 2975, will the M-top pattern be invalidated; otherwise, the downward trend continues.
Core logic is clear, execute according to points and volume, and wish you smooth operations.🍏#ETH走势分析 #加密市场观察 #SOL上涨潜力 $ETH
