Ethereum Morning Technical Analysis

The recent movement of ETH has been interesting. Both bulls and bears are engaged in a tug-of-war within a key price range, but from the market signals, the bulls are gradually gaining the upper hand.

Specifically—yesterday, the price rebounded after reaching around 2908, and it did not break below the critical support line at 2884 (the lower band of the Bollinger Bands), forming a relatively solid stabilization bottom. From a capital perspective, this range has long been a zone where bullish institutions have been accumulating, and the selling pressure from earlier has basically been released. The rebound momentum is ready, just waiting for a trigger.

In terms of trading strategy, focus on the bullish opportunities within the 2910-2880 range, with an upper target of 2980. The short-term battle between bulls and bears has entered a critical moment, and the subsequent trend warrants close attention.