$ETH Market Depth Insights: The battle between bulls and bears intensifies, awaiting a breakthrough signal.
Recently, Ethereum's market volatility has increased, with both sides engaged in a fierce tug-of-war, and capital activity significantly rising, frequently showcasing a 'rollercoaster' market. The current macro environment is complex, and the benefits of interest rate cuts have been fully priced in by the market. In the short term, there is a lack of new catalysts, and the market may enter a phase of directional choice, with potential pullback pressure that cannot be ignored. Some traders have accurately captured the opportunity for ETH to rebound, positioning short orders at high levels to achieve considerable gains; however, it is essential to be wary of frequent 'whale' behaviors in the market, which often involve rapid price spikes and aggressive rallies, easily triggering liquidations on both sides, leaving short-term traders in a dilemma. Market sentiment intertwines the joy of profits with the anxiety of frequent stop losses, coexisting risks and opportunities.
In this context, operational strategies should prioritize 'stability': avoid emotional trading and refrain from blindly chasing highs and selling lows. While trends can be referenced, one must be more vigilant about potential traps for inducing bullish or bearish sentiments during trading, patiently waiting for clear signals of resonance between technical and emotional aspects, which is the prudent way to proceed.
📊 Technical Analysis:
● Current Price: 3065.37 USDT
● 🔴 Resistance Level: 3264.78 (1-hour cycle, approximately 6.42% away from the current price, a key breakthrough threshold)
● Resistance Range: 3263.5 – 3272.43 (a dense trading area, bulls need to effectively break through this zone)
💡 Strategy Tip: In the short term, focus on the price's reaction in the support area. If a rebound faces resistance at the aforementioned resistance zone, consider light short positions with strict stop-loss settings; if a significant breakthrough occurs, reassess the trend and act accordingly. Maintain flexible positions, strictly control risks, and patiently await market breakthroughs. $BTC
