February 8, 2026 Double Bull Analysis

The market has just experienced a sharp surge, and many people are starting to panic again: should I chase or wait? Actually, there's no need to overthink it; Cheng Jingsheng will help you see clearly.

In terms of news, recent market sentiment has been relatively warm, with institutional funds continuously flowing into the crypto sector. Coupled with expectations of a Federal Reserve rate cut, Ethereum, as a core asset, has seen a noticeable increase in capital attention. In the short term, there are no significant negative factors, and the overall atmosphere is "easy to rise but hard to fall."

Technically, from the chart, the price has just broken through the previous high, with short-term moving averages in a bullish alignment, indicating ongoing bullish momentum. But note, there is clear resistance around 2144, and strong support is at around 2100. The current position is neither high nor low; chasing directly could lead to a pullback. It's safer to wait for a retracement to the support level before taking action.

Operational suggestion: lightly buy on dips around 2100-2110, set stop-loss below 2080, and target around 2140-2180-2240. Remember, the current pattern is a volatile but bullish trend, so avoid full-position all-in; staggered operations are more secure.

The above is only personal opinion and does not constitute any investment advice. Please refer to Cheng Jingsheng's strategic layout for specifics! $ETH ‌#ETH