Following the recent strong uptrend, ETH rebounded near 2390 but encountered selling pressure from bears, triggering a significant pullback with mixed market sentiment and intense long-short competition.
Overnight news drove a rapid market decline, but the downtrend failed to sustain and is expected to stabilize. Currently, the bullish trend remains intact. With continuous ETF net inflows providing support, pay attention to the 2140 key level during the day—both an on-chain cost level and a structural support. As long as it doesn't break below, we can anticipate a bounce opportunity targeting the 2250-2300 range.
ETH
Following the recent strong uptrend, ETH rebounded near 2390 but encountered selling pressure from bears, triggering a significant pullback with mixed market sentiment and intense long-short competition.
Overnight news drove a rapid market decline, but the downtrend failed to sustain and is expected to stabilize. Currently, the bullish trend remains intact. With continuous ETF net inflows providing support, pay attention to the 2140 key level during the day—both an on-chain cost level and a structural support. As long as it doesn't break below, we can anticipate a bounce opportunity targeting the 2250-2300 range.