Whale buys 17,084 ETH with 36.75M USDT, signaling strong demand and potential near-term accumulation pressure for ETH. $ETH

Friday Morning Bitcoin and Ethereum New Insights: The market is not testing technology, but human nature; overcoming greed and fear is winning half the battle. Last night Bitcoin broke below 69,000 and slowly rose to today's early morning high of 70,695. Ethereum rose from last night's low of 2,129 to this morning's high of 2,154. Shifting focus to the 4-hour timeframe, after price pierced the important psychological level of 70,000, it exhibited weak oscillation near 69,000. Observing the moving average system, we can see that the moving averages are in a bearish alignment, which further confirms that bearish forces have the advantage in the market. Based on the above analysis, it is recommended to focus on shorting bounces. #Gate13周年全球庆典 Friday Morning Trading Suggestions: Bitcoin short near 71,000, target 69,500 Ethereum short near 2,180, target 2,100

Ethereum's price action in the early morning showed a decline followed by a rise. After touching the 2100 level low point, the price found support and stabilized, halting the downtrend. Subsequently, bulls began to exert strength, pushing the coin price to rebound with volatility. As of now, the price has recovered and is trading above 2150, temporarily escaping the short-term weak pattern. From a technical perspective, the 4-hour level formed a long lower shadow at the 2100 level, creating a double bottom formation with the earlier low point, which is a classic bullish reversal signal. Meanwhile, volume expanded moderately during the rebound phase, while volume contracted during the decline, indicating weakening bearish momentum and bulls gradually taking control of the market. Currently, the price has stabilized above the 2150 short-term support level, with the next target testing the 2160-2180 resistance zone. In terms of trading, the 2150 short position mentioned in the early morning should remain on watch without rushing to enter. If the price can continue to stabilize above 2150, consider adding longs on short-term pullbacks, targeting the 2160-2180 zone; if it fails to break through 2160 for an extended period, it may turn into a range-bound pattern, awaiting further directional confirmation. #Gate13周年全球庆典 $ETH