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Ethereum (ETH) in the 15-minute cycle has its main resistance zone concentrated between 1,998-2,010 USDT. This area includes the recent peaks where several 15-minute candles repeatedly surged and pulled back, and it also coincides with high trading volume zones and short-term highs that have not been effectively broken through.
• 1,998-2,010 USDT: Close to the round number of 2,000 USDT, short-term funds have attempted multiple times to break through but all resulted in volume-driven pullbacks, indicating strong selling pressure and active profit-taking in this range. If a volume breakout cannot be achieved, it is likely to fall back to the support zone of 1,960-1,970 USDT.
$ETH #Gate2月透明度报告
From the order book perspective, the 15-minute moving average has recently formed a death cross, with frequent short-term shifts between bullish and bearish. Before volume surpasses the resistance zone, caution is advised when chasing the high. If large buy orders actively break through 2,010 USDT during trading, a new upward move could open up. Otherwise, the probability of repeated oscillation remains high.
Reminder: Short-term trading requires strict discipline. Fake breakouts and manipulative actions by major players are common near resistance zones. Manage your stop-loss and take-profit levels carefully to avoid being caught at high positions.