#ETH Market Analysis: Short-term Pressure and Pullback, Focus on Key Support Levels
News and Market Performance
Yesterday, driven by positive news, prices surged to 2385.78, approaching the 2400 round number resistance level. However, bulls failed to effectively break through this resistance, and prices subsequently pulled back, currently trading around 2330 with oscillation. From the chart signals, prices triggered overbought warnings multiple times at higher levels, and the technical side shows a clear need for correction.
Core Technical Signals
1. Bollinger Bands and Overbought/Overs