After midnight, Ethereum's overall trend continued at a slow pace, with the market basically oscillating around 2330, though there were minor upside probes intraday, the overall volatility range was not significant. Subsequently, early morning saw a slight pullback touching 2305 below, with the market mostly ranging within the current zone, and short-term direction not fully opened. From the chart perspective, during the early morning hours, neither bulls nor bears showed obvious volume expansion, market sentiment remained relatively stable, mostly consolidating after the previous round of rebounds through high-level position rotation. Reviewing yesterday's overall layout, Ethereum's long positions developed around the low levels continued to maintain a good rhythm, though the trend lacked particularly strong unilateral continuation, directional judgment still received responses from the chart. In trading, what truly matters most is often not how big the move is, but maintaining patience and conviction in direction when momentum slows.

From the 1-hour level, the moving average system still maintains an upward trajectory, price continues running near short-cycle moving averages. Although short-term fluctuations are frequent, overall support has not broken key levels, indicating current conditions remain technical consolidation after the rise. On the 4-hour level, the market still operates above the mid-line, the structure of higher lows from earlier periods remains intact, mid-cycle bullish formation continues, though the 2335—2350 zone above presents certain resistance requiring consolidation through oscillation. On the daily structure, the overall rebound momentum has not yet ended, daily candle body maintains within the rebound channel, support below still exists. Therefore, the subsequent operational direction continues to clearly maintain long positions on dips as the main strategy, without considering shorting blindly. Short-term focus remains on the 2310 support area—as long as this level is not effectively broken through, there remains room for further upside testing of previous highs resistance. The bullish momentum has not ended temporarily. #比特币站上7.5万美元 $ETH