#ETH（二饼） Yesterday, after a continuous upward surge without success, the price did not choose to quickly retreat but instead got stuck in the small range of 2950–3040, repeatedly grinding.
This point itself is crucial; being able to hold indicates strength.
If it was just to make a round of leveraged liquidation, the spike at 3077 yesterday has basically cleared all that can be cleared in the short term.
Under normal logic, once cleared, it should have fallen back, but now it chooses to consolidate at a high level instead,
which seems more like waiting for funds, waiting for sentiment, and waiting for the next opportunity to mature.
The current state of the market is time for space:
The longer it holds at this position, the more it indicates that the selling pressure above is being digested.
The intention to push up gradually becomes apparent: each pullback has not resulted in a continuous drop but has been quickly caught.
Currently, the key area to observe in the short term is 3035–3060.
This is the pullback pressure point of the repeated contest between bulls and bears.
If it fails to surge here again, a short-term technical correction may occur;
However, the nature of the correction seems more like a space consolidation for the next upward movement rather than a trend reversal.
The lower fuel and clearing range, based on transactions and positions, indicates that the current core fuel range is 2920–3120.
Today in the day session, there is a possibility of a downward sweep of leverage, clearing floating longs,
Focus on 2950–2920: if these two positions can stabilize and form support,
then the probability of another upward move in the evening session, impacting 3100, will significantly increase.
Once 3100 is effectively突破, the market will enter a new phase: a pullback to 3050 without breaking, or directly consolidating above 3120, both situations will provide reasons to continue looking upwards.
The targets will successively point to: 3160 → 3200 → 3350
One thing to note: if 3300 can hold, it means the upper track of the current correction's descending channel is broken, and the market is likely to enter the first stage of the main upward wave acceleration phase, quickly leaving the current densely traded area.
The most important risk reminder is that in the upcoming market, the biggest threat is not the direction but holding positions.
Whether going long or short, stop losses and position control must be in place, especially for shorts:
The current upward momentum is gradually strengthening, and once stuck in the wrong position, it is easy to turn over directly.
#ETH（二饼） Supplementing the 3000 position is invalid for both long and short.
