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, ascending channel intact, lows continuously rising, trend structure not broken.
Intraday movement: Strong rebound from low to 2403, failed to effectively break through previous high range, upward momentum weakening.
Current price state: High-level sideways consolidation, short-term correction and recovery needed.
Core conclusion: Bullish trend unchanged, currently in high-level oscillation continuation, low probability of trapping bears, chasing longs at high levels may be shaken out.
2. Bullish Core Logic
Linked to BTC strength, overall bullish environment: BTC structure is strong, ETF inflows continue, Fed chair change expectations are positive, ETH benefits from linkage, no signs of trend reversal to bearish.
Daily support remains solid: Price stays above short-term moving averages, no breakdown, no downward gap, no volume-driven sell-off, upward trend remains complete.
High-level support resilient, buying demand still acceptable: After reaching 2403, did not quickly fall below 2350, support remains sufficient.
Mid-term positive outlook persists: Institutional funds are still deploying in ETH, ecosystem expectations remain, no conditions for 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 trapped and profit-taking positions concentrated, 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 rebound support)
Strong support: 2340–2330 (trend key support, weakness if broken)
5. Entry Strategies
Long (main strategy):
Rebound and stabilize around 2370–2360, then gradually add longs,
Stop loss below 2330,
Targets sequentially at 2400 → 2430 → 2450+.
Short (short-term quick entry and exit):
When encountering resistance in 2395–2410 zone, take light short positions,
Stop loss above 2450,
Exit at 2370–2350, avoid holding through deep corrections.