The external media analysis stated that the Etheraf had rebounded after falling to the vicinity of $1530 and that short-lines had the opportunity to continue to look up the highly mobile areas. However, spot purchases remain weak, the dayline structure is not significantly stronger, and the market remains cautious about the sustainability of the rebound.

Settlement of the intensive area between $1670 and $1720

The article mentions that recent settlement hottest attempts have shown that ETH has gathered more leverage over $1670 to $1720. Similar regions tend to attract prices closer, as volatility is often further magnified once centralized liquidation is triggered.

After a previous fall of $1600, ETH went down to the vicinity of $1530 and was accompanied by a round of liquidations. According to the article, this round below the line released part of the over-leverage and gave the price temporary breathing space.

1520 to 1550 short-line support.

From the solar-line structure, $1520 to $1550 is currently a more critical demand area. The region had previously taken over more heavy sales pressure and was the starting point for the current round's rebound. If prices continue to stabilize in this area, ETH still has the opportunity to test up to higher liquidity areas.

However, $1760 to $1810 above remains a more important area of resistance. According to the article, the area had previously been supported and had been reduced to a pressure level after failure. In the absence of significant discharges, the current rebound is more like a repair in a downward trend than the reverse trend has been confirmed.

Two thousand dollars still needs to break through.

The article argues that if ETH is to further open up the space leading to US$ 2,000, it would first need to re-establish the 1760 to US$ 1810 space, with a stronger trade and buy-back. If this condition is not met, the risk of re-entry after short-duration is still present.

On the contrary, in the event of a loss of support in the vicinity of $1520, the sales pressure may increase again, prices may fall again by $1,500 and continue to test the $1400 area. Overall, the external media judge that the ETH short line may still be able to move out of a round of up-to-up mobility, but the larger movement is not yet out of the way.