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The structure is clear, and the trend is significantly better than BTC. If it can stabilize at 2600-2620 on the hourly chart, it is expected to challenge the 2650-2680 area. Overall, the trend leans towards a rising phase after a pullback for accumulation, with the potential to break through previous highs.
The dense trading below is in the range of 2575-2605, with pressure concentrated in the range of 2650-2675.
In the afternoon, it is recommended to go long in the 2590-2600 range. If there is no significant breakout above 2620 before 15:00 in the European session, it is advisable to give up or exit. Conversely, if there is a breakout, it will enter a rally stage.
$ETH