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#ETH Ether's market popularity continues to rise after completing the upgrade, becoming the market focus with strong pump momentum. It not only rises in sync with Bit during its upward trend, but also maintains an independent upward trend even when Bit is in a sideways adjustment. Recently, the price has been continuously increasing, successfully reaching a new high of 2738 USD in the late night, demonstrating the strong control the long positions have over the market trend.
The current key point of $2650 has become a watershed for the battle between long positions and short positions. If it can effectively hold this price level on the four-hour chart, the bullish trend is expected to continue. The upper pressure range is located between $2750 and $2800. Once this resistance zone is broken, the price may open up a new round of rising space; conversely, if the market experiences a pullback, the key support levels to focus on are $2575 and $2510. These two points will become important references for judging the continuity of the trend. #ETH