ETH moves in tandem with BTC, so their strategic directions are aligned—short at high levels, buy long at low levels!

Whenever Middle Eastern tensions escalate, risk assets are always the first to be affected. In such cases, ETH’s weakness is easy to understand. However, diplomatic doors are not fully closed; Middle Eastern countries are actively mediating, and a second round of negotiations may take place within a few days!

The daily RSI is around 55, and the MACD indicator remains positive, indicating that bullish momentum still exists but is not strong. The daily MACD shows a golden cross pattern, with increasing red bars, suggesting short-term bullishness, but the medium-term trend is still in a downtrend channel!

There is a huge risk of two-way liquidations in the market. If ETH breaks above 2309, the liquidation strength of short positions on mainstream exchanges could reach $799 million;

Conversely, if it falls below 2093, long liquidation strength could reach $581 million. This indicates that both bulls and bears are betting, and short-term volatility may intensify.

Short-term resistance zone above: 2240-2280

Short-term support zone below: 2140-2100

Big players are preparing to go long in the 2150-2120 range, aiming for a rebound, with a defensive position around 2100! Waiting for the market trend to emerge! Before macro conditions clarify, controlling position size and patiently waiting for clearer signals is the safer choice.

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