Yesterday, those who missed the entry with Ethereum on the space single faced a lack of upward momentum. Although it broke through the 2700 mark, it did not stabilize and swiftly retested downwards. From the latest price chart, Ethereum has formed a breakout and retest structure. Although there was an adjustment yesterday, the retest held around 2650. Currently, it continues to advance with a strong bullish trend, indicating the strength of the bulls. If it can break through around 2730 today, Ethereum is expected to challenge the high of 2800.
Today marks the end of the monthly line, theoretically making operations quite strong, but it also comes with selling pressure. Everyone needs to pay attention. In short-term operations, if Ethereum retraces to around 2630 and the bottom converts, one can enter long positions to take advantage of the upward momentum, targeting around 2720-2780.