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$ETH
Last night, ETH surged significantly, mainly due to eased geopolitical risks, concentrated short liquidations, and oversold technical rebounds. This was a short squeeze-type correction, not a trend reversal.
Currently, the bulls and bears are in intense competition: short-term bullish sentiment is relatively strong, but there is heavy selling pressure at high levels, and cautiousness among chasing buyers. Resistance is clearly seen at 2270–2300, with 2180–2200 serving as a key support zone.
Market outlook: The probability of short-term consolidation and decline is high. Medium-term remains somewhat weak, indicating a rebound rather than a reversal. Operate with strict position control and avoid chasing highs.