Brothers, keep a close eye on the market. ETH is now hanging at a critical position, repeatedly testing the psychological barrier around $2800. In the past 24 hours, it has dropped by 3-4%, and market sentiment is clearly leaning towards caution.

The core pattern is very clear: the bears have set up multiple defense lines. Looking above, from 3150-3180 all the way up to the highest at 3530-3560, there are four layers of high-pressure zones. Each rebound is weighed down by heavy selling pressure. This is why every rebound seems weak, as each upward step faces stronger bearish resistance.

The price has now broken below 2900 and is approaching the green area marked on the chart—$2780-2806. This position is crucial; it is a potential accumulation zone, meaning if large funds recognize this value, they may accumulate positions here, forming support. Therefore, whether 2780 can hold will be the dividing line for short-term bulls and bears.

My view is

In the short term, the bears still dominate, but when it drops to this position, momentum needs to be observed. If ETH can stabilize above 2780 and shows an increase in trading volume along with bullish candlestick patterns, we need to be wary of a potential bearish trap, and the market could quickly rebound, with the first target being to test the resistance around 3200.

But if the fortress at 2780 falls, the next obvious support will be at $2600 or even lower.

Current strategy:

Before a direction is chosen, watch more and act less. For aggressive brothers, if the price rebounds to around 2900-2930 and faces pressure, consider a small short position, with a stop loss above 3000. For the more cautious brothers, be patient—either wait for a clear stabilization and volume signal near 2780 to consider a rebound bet; or wait for the price to confirm breaking below 2750, and then look for a bearish trend.

Remember, this is a critical position, and any operation must include a stop loss, controlling position sizes. The market is not lacking in opportunities; what is lacking is the capital to survive until the opportunities arise. I am Brother Niu, and we will watch the changes closely. #巨鲸动向 #ETH走势分析