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From the current market perspective that can be checked in the near future, if Ethereum is inserted above 2870 with a "pin", whether it can stabilize mainly depends on the following points:  1. The 2870 area itself is not a strong resistance, but the starting point for the early rebound. Many short-term analyzes regard 2870 as a "pressure" or "long flip" test level, rather than a decisive resistance. In other words, as long as the daily line can close above 2870 after the price pierces, there is the possibility of short-term stabilization. 2. Whether it can "stand firm" depends on subsequent volume and daily closing. Past trends show that ETH rebounded from 2870 to 3335 at the end of April, an increase of 17%, indicating that there was buying pressure below 2870. If after standing above 2870 again this round, the daily line level appears with continuous large-volume small positive lines, the RSI returns to above 50%, and the middle track of the Bollinger Bands is upward, the probability of stabilization will increase. ； On the contrary, if the price rises quickly and then falls back, it will be regarded as a false breakthrough. 3. The watershed between short-term longs and shorts is still in the 2750–2800 range Traders generally set 2755-2708 as a long stop loss band, and 2830-2870 as an "observation band" for flipping bulls. As long as the retracement does not break 2750 and the bullish structure remains, we can try to stabilize above 2870. ； Once 2750 falls, the breakthrough of 2870 will be regarded as "pin insertion" invalid. 4. Large buying orders on the chain provide certain support A well-known address recently used 35 million USDC to add ETH positions near 3196, which shows that large funds are optimistic about the range below 3000. This low-level accumulation behavior adds weight to the support near 2870. in conclusion “"One needle" can stabilize after breaking through 2870, but it needs to meet: - The daily closing price has stood above 2870 for two consecutive days, and the volume can increase moderately.； - Back to 2750-2800 without breaking； - Short-term indicators such as RSI and Bollinger Bands have strengthened together. If the above conditions are met, a new short-term support is expected to be formed above 2870, and a rebound can be seen in the 2935-3000 area.； If the volume is insufficient, the price falls quickly and falls below 2750, it will be regarded as an invalid breakthrough, and the market may retest the 2700 or even 2660 support.  |
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