Ethereum confirmed stabilization at the 2060 line in the early morning, this position is the upper bound of the previous dense trading area on the 4-hour level, forming effective support. Subsequently, bulls continued to increase their positions, pushing up nearly 60 points to around 2124, with a smooth upward process and limited pullbacks, showing typical characteristics of proactive buying, indicating that bullish sentiment dominates the market, and the trend structure is relatively solid.
Currently, the price has pulled back to around 2095, with a decline that accounts for only about 40% of the upward wave, and the volume has shrunk during the downward process, which is a normal adjustment triggered by short-term bulls taking profits. The 2090-2080 area is the 0.382-0.5 Fibonacci retracement level for this round of increase, and it is also the support zone of the MA10 on the hourly chart. As long as the price remains above this area, the bullish control pattern will not change.
After the upper high of 2124 was reached, the next technical target can be seen at the 2140-2150 area, corresponding to the previous structural resistance level. In terms of operation, the 2085-2090 area is a support verification area worth paying attention to, as long as it does not effectively break down below the 2060 starting platform, the upward structure will remain intact. #币安钱包将推出预测市场 $ETH
