Monday ETH Analysis

ETH's movement shows distinct characteristics in the details.

Breakout Validity: Successfully standing above 3,100 is a positive first step. The next key is whether this breakout can be turned into a solid hold. Currently, 3,170 is the first short-term resistance faced.

Downside Support Structure: On pullbacks, 3,050 (the previous breakout level and daily moving average zone) and the psychological level of 3,000 will serve as important support references. As long as it stays above 3,000, the short-term technical structure remains bullish.

Technical Indicator Signals: Despite the price increase, aggregated data from some platforms show that Ethereum’s short-term technical indicators (such as MACD, RSI) are still giving bearish signals. This divergence between price and indicators suggests internal market disagreement, and the foundation for the uptrend requires more time for consolidation through volatility. The recent “bear trap” deep V-shaped rebound near 2,900 also indicates exceptionally intense long-short competition. $BTC $ETH