Since midnight, Ethereum has experienced a wave of emotional-driven rally, with the price oscillating upward from around 2100. During the session, buying volume gradually increased, pushing the price to a high near 2199, quickly opening short-term space. However, after the surge, the lack of follow-through caused the price to start retracing gains, with long positions at high levels gradually taking profits and exiting, shifting the market rhythm to a decline. In the following hours, the price oscillated downward, with a low around 2115. Although there was a slight rebound during this period, overall volatility significantly narrowed. Many traders, seeing the high not being followed through, become hesitant to buy, and when the price falls back, they panic and exit, repeatedly consuming their positions and patience. The essence of the market is to shake out weak hands and facilitate turnover. Those who can truly smile last are never driven by emotion but by execution and patience.

From a technical perspective, on smaller timeframes, after forming a temporary high at 2199, a technical correction began, but the current pullback has not broken the larger-term bullish structure. The 1-hour chart still maintains an upward channel, with the low points still rising and not effectively broken downward. Regarding the BOLL indicator, after the short-term price tested the lower band, signs of convergence appeared, with the opening narrowing, indicating a potential second convergence and a directional choice afterward. The middle band is around 2135; if the price re-stabilizes above it, it will signal a short-term bullish shift. In the moving average system, the MA30 and MA60 are resonating support around 2110–2120. The current price is operating within a dense MA zone, indicating a strong correction phase. The RSI has stabilized and turned upward in the 30-40 range, without extreme oversold conditions continuing, showing signs of momentum recovery. Based on the combined analysis of structure and indicators, as long as the 2100 level is not effectively broken, this retracement is more likely to be a bullish buildup. The trading strategy remains to maintain a long position. #加密市场上涨 $ETH