ETH Market Analysis: Rebound Hits Resistance, Watch for a Short-Term Spike Then Pullback

After rebounding today, ETH gradually moved closer to the upper Bollinger Band. Selling pressure above has started to show. From a technical perspective, the MACD red histogram remains weak, and trading volume has not expanded significantly, suggesting this rebound is more driven by sentiment repair rather than new capital inflow. Meanwhile, the KDJ has entered a high-range area, and ATR volatility has begun to contract. In the short term, the risk of a spike followed by a pullback should be taken seriously. $ETH

On the news front, although market sentiment has been boosted by easing geopolitical tensions and a drop in U.S. Treasury yields, institutional capital remains cautious. The market is currently focused on the upcoming expiry of $1.4 billion BTC options, which could increase short-term volatility. ETF fund performance is still a key focus; whether institutional funds return will directly affect the sustainability of this rebound.

Today’s Hunting Plan
🕸️Ambush targets: Short 🚗Ambush location: 1805-1815
🙂‍↕️Turn back and go home: Above 1835 🎯Ambush targets: 1780-1758

If 1758 breaks down effectively, you can continue to watch the support area at 1735-1715 below.

Zoe Reminder: At the moment, it’s more inclined to define this move as a technical correction rather than a trend reversal. Don’t rush to chase at this level—wait patiently for the market to give a clearer direction. Opportunities are always more than impulsiveness. $ETH ‌