Yesterday, those who missed the entry point for Ethereum with a space order saw a lack of upward momentum. Although it broke through the 2700 barrier yesterday, it did not stabilize and quickly retraced downwards. From the latest chart, Ethereum has formed a breakout and retracement structure. Despite adjustments yesterday, it maintained around the 2650 level during the retracement. Currently, it continues to push upward with a strong bullish candle, indicating robust bullish strength. If it can break through around 2730 today, Ethereum is expected to challenge the 2800 high.
Today marks the end of the monthly line. Theoretically, operations will be relatively strong, but it will also be accompanied by selling pressure. Everyone needs to pay attention. For short-term operations, when Ethereum retraces to around 2630 and shows a bottom reversal, it is a good opportunity to enter a long position to capture the momentum upward, targeting around 2720-2780.
