$ETH /JPY — Pullback After Strong Spike

Price: ¥487,707

Move: +2.81%

Intraday High/Low: ¥495,132 / ¥453,193

Reason:

ETH pushed into a strong upward burst, fueled by rising demand and momentum above short-term MAs. After tapping ¥495k, price faced selling pressure, causing a clean pullback toward the mid-range. Volume cooled off slightly as buyers paused.

Key Levels:

Support: ¥483,000 / ¥479,700

Resistance: ¥491,700 / ¥495,000

Trend: Mild bullish overall, but short-term showing a corrective dip.

Trade Idea:

If ETH holds above ¥483k support and reclaims the MA(7) zone → then a bounce back toward ¥491k–¥495k is likely.

If it loses ¥479k with momentum → then deeper retracement into ¥475k may follow.

ETH

3,136.55

+2.65%

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