Brother Tong ETH Public Strategy

ETH in the early session moved in tandem with BTC, surging strongly to a high of 2403, current price at 2391, slight pullback, high-level consolidation, overall rhythm synchronized with BTC: bullish trend intact, short-term overbought, high-level digestion.
1. Market Structure Qualitative Analysis
Major trend: Daily chart shows a bullish arrangement, the ascending channel is complete, lows are continuously rising, trend structure remains unbroken.
Intraday movement: Strong rebound from low levels to 2403, failed to effectively break through the previous high range, upward momentum weakening.
Current price state: High-level sideways consolidation, short-term correction and recovery needed.
Core conclusion: Bullish trend unchanged, belongs to high-level oscillation continuation, low probability of trapping shorts, chasing longs at high levels may be shaken out.
2. Bullish Core Logic
Linked to BTC strength, overall environment remains bullish: BTC structure is strong, ETF inflows continue, Fed chair change expectations are positive, ETH benefits from the linkage, no signs of trend reversal.
Daily support remains solid: Price stays above short-term moving averages, no breakdown, no downward decline, no volume-driven sell-off, upward trend remains complete.
High-level support: Resilient against dips, buying demand still acceptable: after reaching 2403, did not quickly fall below 2350, support strength remains sufficient.
Mid-term positive outlook persists: Institutional funds are still deploying in ETH, ecosystem expectations remain, no conditions for a deep decline.
3. Bearish Risks
4H bearish divergence evident: After continuous rally, RSI/MACD at high levels weaken, upward momentum insufficient, need for correction and recovery.
Strong resistance zone: 2400 as psychological barrier, 2430–2450 as previous heavy resistance zone, with concentrated trapped and profit-taking positions, difficult to break through in one go.
Linked volatility risk: BTC oscillates above 79,000, ETH highly correlated, chasing longs at high levels risks being pierced and wiped out.
4. Key Price Levels
Resistance levels
First resistance: 2400–2403 (intraday high)
Strong resistance: 2430–2450 (previous heavy resistance zone)
Support levels
First support: 2370–2360 (initial dip buy zone)
Strong support: 2340–2330 (trend key support, weakness if broken)
5. Entry Operations
Long positions (main strategy):
After retesting and stabilizing around 2370–2360, add to longs in batches,
Stop loss below 2330,
Targets sequentially at 2400 → 2430 → 2450+.
Short positions (short-term, quick entry and exit):
Light short positions when encountering resistance in 2395–2410 zone,
Stop loss above 2450,
Exit at 2370–2350, avoid holding through.