🔥#以太 Morning market analysis!
Recently, the overall market trend has continued to show a bottom consolidation after a significant decline, with prices remaining within the range of the consolidation box.
$ETH The box operates within the 2900–3000 range, with clear resistance at the upper edge of 3000/3080 and relatively strong support at the lower edge of 2900/2850.
Recently, the market has frequently exhibited a "door painting" style trend, with sharp rises and falls in a short cycle and tight rhythm. Each time the price touches the upper edge of the box, it faces pressure and falls back, while a quick stabilization and rebound occurs at the lower edge, indicating an intensifying divergence between bulls and bears, with the main force yet to form a consensus direction.
Operation suggestion: In the current phase, it is advisable to treat the market with a consolidation mindset, buying high and selling low within the range, and making quick entries and exits; if the price effectively breaks through the upper or lower edge of the box in the future and is confirmed with increased volume, one can follow the trend, while being cautious of false breakthrough traps.
