As shown in Figure 1, $ETH tested the 2711–2758 resistance zone several times but failed to break through. So, in our October 4 video, we said that ETH was still in a pullback that began at 2807. This was also one of the reasons we opened this short position, as shown in Figures 2–3.
What’s next? Does ETH still have a chance?
For now, we view the decline from 2807 as a pullback rather than a new downtrend. The 2478–2500 area below is key support. Until ETH breaks below this zone, the decline from 2807 should be viewed as a pullback from the rise marked in red on the chart. Once the pullback ends, the next daily-scale uptrend should begin.
If ETH breaks below 2478–2500 and fails to reclaim it, the decline from 2807 may develop into a pullback from the entire rise marked in black. This would be a weekly-scale pullback; once it finds a bottom, the next weekly-scale uptrend should begin.
As early as June 5, we suggested that ETH was likely to fall to around 1500.
After ETH bottomed at 1505 and rebounded sharply, we also noted that 1505 was likely a short-term low.
During these 107 days, as most people shifted from “waiting for a lower low” to “wondering whether there will even be a lower low,” ETH gained more than 86% in total. Since we clearly identified the bullish trend in early June, our trades have gone smoothly all the way. That’s the importance of following the trend.
Every trend move starts with a 4-hour candle, or even a 1-hour candle. That’s why continuously tracking price action is so important for staying in sync with the market.
Since 2025, I’ve followed the crypto market almost every day. Your support motivates me to keep sharing updates. If my daily posts have been helpful to you, feel free to leave a 💗. $ETH
#ETH走势分析
What’s next? Does ETH still have a chance?
For now, we view the decline from 2807 as a pullback rather than a new downtrend. The 2478–2500 area below is key support. Until ETH breaks below this zone, the decline from 2807 should be viewed as a pullback from the rise marked in red on the chart. Once the pullback ends, the next daily-scale uptrend should begin.
If ETH breaks below 2478–2500 and fails to reclaim it, the decline from 2807 may develop into a pullback from the entire rise marked in black. This would be a weekly-scale pullback; once it finds a bottom, the next weekly-scale uptrend should begin.
As early as June 5, we suggested that ETH was likely to fall to around 1500.
After ETH bottomed at 1505 and rebounded sharply, we also noted that 1505 was likely a short-term low.
During these 107 days, as most people shifted from “waiting for a lower low” to “wondering whether there will even be a lower low,” ETH gained more than 86% in total. Since we clearly identified the bullish trend in early June, our trades have gone smoothly all the way. That’s the importance of following the trend.
Every trend move starts with a 4-hour candle, or even a 1-hour candle. That’s why continuously tracking price action is so important for staying in sync with the market.
Since 2025, I’ve followed the crypto market almost every day. Your support motivates me to keep sharing updates. If my daily posts have been helpful to you, feel free to leave a 💗. $ETH
#ETH走势分析