Long positions, after a day of effort, ultimately broke through the strong short-term resistance lines at 78,400 and 79,100 with the help of European and U.S. trading sessions, directly piercing the short-term stop-loss levels that had been in place for over two months, successfully completing the task.

At the same time, just now, retail traders' short-selling sentiment is high, with ample short-selling fuel at 79,300, 79,700, and 80,000, likely to be broken one by one.
All our previous targets have been achieved, and moving forward, we can set new targets at breaking through 79,300, 79,700, and 80,000. Meanwhile, the price has just broken through the mid-term distribution trend upper band, establishing an upward trend. The possibility of reaching for the stars and the sea is now real.
However, ETH is moving a bit slowly; it has been distributing for two days in the short term, and only half an hour ago, the mid-term distribution just began.
Let's analyze ETH's subsequent trend in depth through various indicators.
Trend Extreme Return Warning Line
This indicator gradually marks the average and extreme high/low levels of the next trend during the current trend.
Currently, the mid-term accumulation trend has just ended, and the marked current distribution trend's average and extreme high price levels will not change.
The average high price is 2522, and the extreme high is 2603.
Using BTC as a reference, the average high price suggests that this trend is likely to break above 2522, with a high probability of rising past it, but unlikely to break 2603.
Trend Cost Band
The price has already risen above the short-term distribution trend upper band at 2405.
The real upward trend has just begun.
The midline at 2350 can be seen as the dividing line between rise and fall.
Breaking through the trend from below indicates an upward move; breaking from above indicates a trend reversal downward.
The mid-term distribution just started, with the upper band at 2459, the midline at 2423, and the lower band at 2386.
Currently, the price is at the midline, waiting for a breakout.
Liquidation Pain Points
The short-term levels have already been broken through.
There are two mid-term levels that still need to be broken: 2450 and 2470, which are the main targets for this move.
Retail Stop-Loss Points
Short-term levels at 2440 and 2448 need to be broken upward.
Chip Vacuum
Short-term vacuum zones are between 2347-2326 and 2385-2369.
These are institutional accumulation vacuums; whenever the price drops to these levels, absorption occurs, supporting the price from falling further.
Thus, these can be seen as support levels.
Trend is upward.
Order Wall Decay
The order wall formed by distribution at 2420 in the mid-term has not yet been tested.
Summary:
Trend is upward; wait for the mid-term to establish an upward trend.
Upward targets: 2420, 2440, 2448, 2450, 2459, 2470, and finally break through 2500.
Downward risk: If it falls below 2326, the trend ends, and a new trend needs to be established.