From the current ETH market (13:07), in the short term it is a “news-driven rapid rebound, now entering a high-level consolidation and digestion phase.” Detailed breakdown:
1. Trend Status: Surged rapidly, then stalled with decreasing volume Within the day, it rose from 2780 to 3068 (over 9% increase), but the 15-minute candlestick chart shows a divergence of “new price highs with gradually declining trading volume,” indicating that short-term momentum buyers are decreasing. It is likely to enter a narrow consolidation range between 3050-3070.
2. Key Support/Resistance
Support: $3,000 (the core psychological level after today’s rapid surge; if broken, it may retest 2980); Resistance: $3,080 (sentiment-driven pressure near today’s high; a breakout requires new capital inflows).
3. Trend Nature: “Sentiment rebound, not a trend reversal”
This rally is a short-term stimulus from the Bank of America crypto allocation news, not a long-term trend reversal. Whether it continues depends on whether it can hold above 3050 and if there is sustained capital inflow.
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From the current ETH market (13:07), in the short term it is a “news-driven rapid rebound, now entering a high-level consolidation and digestion phase.” Detailed breakdown:
1. Trend Status: Surged rapidly, then stalled with decreasing volume
Within the day, it rose from 2780 to 3068 (over 9% increase), but the 15-minute candlestick chart shows a divergence of “new price highs with gradually declining trading volume,” indicating that short-term momentum buyers are decreasing. It is likely to enter a narrow consolidation range between 3050-3070.
2. Key Support/Resistance
Support: $3,000 (the core psychological level after today’s rapid surge; if broken, it may retest 2980);
Resistance: $3,080 (sentiment-driven pressure near today’s high; a breakout requires new capital inflows).
3. Trend Nature: “Sentiment rebound, not a trend reversal”
This rally is a short-term stimulus from the Bank of America crypto allocation news, not a long-term trend reversal. Whether it continues depends on whether it can hold above 3050 and if there is sustained capital inflow.