[May 26 Ethereum Market Analysis and Trading Strategy]

According to the latest clearing data observation:
- If the ETH price rises to around 2615, it will trigger the liquidation of approximately 74 million short positions.
- If the price falls back to 2535, it will trigger the liquidation of 126 million long positions.

Morning trading dynamics:
Currently building a long position near the price of 2570, with a peak reaching the key level of 2600. Key points to pay attention to:
1. 2600 constitutes the primary resistance level for this week, coinciding with strong resistance at the daily level.
2. The 8-hour Bollinger Bands show a continuation of the upward trend, but a short-term fatigue appears near 2600.

▶️ Bullish Scenario
- If it rises first and then falls, the weekly 2500 support effectively stabilizes, and it is expected to test above 2600 again this week
- Combining the sideways trend of BTC at a high level may drive the ETH to catch up with the rally.

▶️ Bearish Scenario
- If the waterfall market reoccurs on Friday, it may test the support at 2480 after breaking below 2500.
- Trend reversal signal: a valid break below 2480 requires consideration for exiting.

Position Management Suggestions:
- Maintain the pullback long strategy
- Conservative target price 2685
- Strictly set stop loss below 2480

Despite some whales reducing their ETH positions, more institutions remain optimistic about the market's performance.

Based on a comprehensive analysis of technical indicators and capital flows, we maintain a bullish outlook this week and suggest holding long positions in anticipation of a breakout.

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