$ETH The morning session quickly rebounded from the low of 2408.01, forming a long lower shadow indicating a bottoming and rebound. It then oscillated within the 2410-2430 range to digest selling pressure. Currently stabilizing around 2416, the bullish momentum has weakened but support remains.


Healthy volume and price action: rising with increased volume, retracements with decreased volume, indicating that major funds are not fleeing but are rotating at high levels, accumulating strength for subsequent upward attacks.
Upper resistance: 2435-2460 range, which is the dense area of the morning session's highs and a strong resistance level for this round of rebound; if volume breaks through, there is a high probability of challenging the 2500 integer mark.
Lower support: 2400-2410 range, which is the morning session's low and rebound starting point, also the current lifeline for the market. As long as it is not effectively broken downward, the short-term rebound trend will not be disrupted. $ETH
ETH-0,18%
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