🚀 ETH Market Update: Major Bottoming vs. Hourly Line Frontline, Who Will Win?

1️⃣ Macroeconomic Situation: Reversal Emerging on 4H Chart
·Double Bottom Confirmed: ETH tested the lows twice around $1,740$, solidifying a strong support level.
·Trend Reversal: Price has decisively broken through the long-term downtrend line, officially shifting market sentiment from bearish to the initial stage of “Always In Long.”
·Long-term Target: If Leg 2 erupts, the upside potential could reach $2,265$ or even $2,389$.
2️⃣ Mid-term Focus: 1H EMA Battle
·Main Battlefield: Currently, the price is tightly hugging the 1H EMA 20 (around $2,024$), oscillating. This sideways movement rather than deep correction signals strong bullish momentum.
·Ascending Channel: The market is operating within a healthy, wide ascending channel, with higher lows and support levels moved up to $2,015 - $2,020$.
3️⃣ Risk Warning: Extreme Retracement Scenario
·Black Swan Plan: If the market fails to rally and unexpectedly drops below $2,000$, beware of the risk of retesting the bottom at $1,740$.
·Structural Evolution: A retest of the bottom indicates a failed reversal, and the market will enter a 4H ultra-wide fluctuation zone.
💡 Trading Summary
·Bullish Logic: As long as the key level of $2,014$ holds, the rebound remains solid.
·Short-term Target: First focus on the resistance zone of $2,035 - $2,040$, and a breakout will open the door to $2,131$.
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