#Strategy加仓BTC Ethereum's performance yesterday was quite interesting—after the US stock market opened, it surged to 3088, but then was hammered down by the bears, breaking through 2950 and dropping to a low of 2910. But here’s the thing: the price didn’t continue to plunge; instead, it was quickly pulled back to around 2940 and stabilized.
Looking at the candlestick chart, this move shows signs of bullishness. The low at 2910 is a classic "pin" pattern, which essentially means the bears concentrated their selling but ran out of steam. After breaking below 2950, it didn't continue to fall sharply; instead, it rebounded quickly, indicating that there are indeed buyers stepping in, and liquidity has gathered here.
From a structural perspective, although Ethereum retraced significantly, the quick recovery brought the price back above the key trading zone of 2940-2950. This is crucial for stabilizing market sentiment and paving the way for the next rebound.
What’s next? The key is whether the 2910 low can hold. As long as it isn’t effectively broken, the price can gradually digest the selling pressure around 2950, and a recovery trend could develop. The first target is the 2980-3000 zone. The importance of 2910 cannot be overstated; it’s the short-term dividing line between strength and weakness. If this level holds, the probability of the market fully adjusting and then moving higher is gradually increasing. $BTC is also watching a similar rhythm.
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AlphaLeaker
· 14h ago
This move by the dip is indeed impressive; the bears are out of strength. Holding above 2910 is key, and I've already added some ETH around 2920...
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LiquidityNinja
· 14h ago
2910 pin insertion this move is indeed interesting, the bears are truly out of strength, and the buying force below is not weak.
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LiquidityHunter
· 14h ago
2910 is indeed interesting. The liquidity depth data shows a lot of buy orders piled up there. After the dip, the rebound was unusually fast... worth keeping an eye on.
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retroactive_airdrop
· 14h ago
2910 must hold, or it's over. This spike clearly represents the final struggle of the bears.
#Strategy加仓BTC Ethereum's performance yesterday was quite interesting—after the US stock market opened, it surged to 3088, but then was hammered down by the bears, breaking through 2950 and dropping to a low of 2910. But here’s the thing: the price didn’t continue to plunge; instead, it was quickly pulled back to around 2940 and stabilized.
Looking at the candlestick chart, this move shows signs of bullishness. The low at 2910 is a classic "pin" pattern, which essentially means the bears concentrated their selling but ran out of steam. After breaking below 2950, it didn't continue to fall sharply; instead, it rebounded quickly, indicating that there are indeed buyers stepping in, and liquidity has gathered here.
From a structural perspective, although Ethereum retraced significantly, the quick recovery brought the price back above the key trading zone of 2940-2950. This is crucial for stabilizing market sentiment and paving the way for the next rebound.
What’s next? The key is whether the 2910 low can hold. As long as it isn’t effectively broken, the price can gradually digest the selling pressure around 2950, and a recovery trend could develop. The first target is the 2980-3000 zone. The importance of 2910 cannot be overstated; it’s the short-term dividing line between strength and weakness. If this level holds, the probability of the market fully adjusting and then moving higher is gradually increasing. $BTC is also watching a similar rhythm.