ETH is currently at a critical pivot point with strong upside momentum.

Bullish Logic: Holding above the Bollinger Band midline, with continuously rising lows and a strong uptrend intact.

Key Levels to Monitor: Focus on the 2,197 - 2,200 resistance zone for a breakout.

If 2,200 breaks decisively, the next target is 2,240 or higher.

If rejected, near-term support sits around 2,155 (recent swing low) and 2,116 (Bollinger midline). Technical bounces within this range are possible, but watch for false breakouts.

Midline Support: Located at 2,116.66. Price is well above the midline, and with the midline flattening and slightly curling upward, the intermediate trend has strengthened with bulls in control.

Upper Band Resistance: Positioned at 2,200.17. Current price is approximately 30 dollars below the upper band. Previous candlesticks have attempted to break 2,197 multiple times without success, indicating heavy selling pressure in this zone. Significant volume is needed for an effective breakout.

Lower Band Support: Sits at 2,033.16, far from current price levels. The probability of breaking below this in the short term is low.

Reversal Signal: The Bollinger Bands are showing signs of contracting and flattening, typically a precursor to a trend reversal. If price breaks above 2,200 on volume, it could trigger a fresh rally. If resistance holds, pullbacks toward the 2,116 midline support are likely.

ETH is currently exhibiting oscillating upside movement while testing a critical resistance level.

U.S. equities closed lower today overall. If Iran-U.S. negotiations produce substantive progress, it could become an important catalyst for a market rally next week. #加密市场回涨 $ETH