Market sentiment warms up, and large investors' battles shift in favor of the bulls

Trade Direction: Go Long with the Trend; Add on Pullbacks Strategy: Don’t chase aggressively at the highs. Wait for the price to test the 2110 - 2130 range and stabilize, then enter in batches to go long. Stop-loss: 2045 (if it breaks below the densely packed moving-average zone, it means the reversal has failed) Support and Resistance Resistance level: 2174 (the prior high resistance line in the chart). After a breakout, look toward 2250. Support: 2100 (round-number level), 2054 (the densely packed moving-average convergence zone) Risk Warning Risk of high-level consolidation: If the price shows a false breakout near the 2174 resistance level, it may fall back and trade in a range. Response plan: move the trailing stop-loss up to 2100 to lock in profits Macroeconomic disruption: If U.S. stocks open tonight and shake again, it may pull ETH into a move to retest support. Response plan: control leverage and reserve funds for additional buying 　 News: Sentiment is improving; big players’ power shifts to long Over the past 24 hours, the market has quickly repaired from the earlier war-related gloom, and the news flow has turned significantly bullish:

Big players shift from short to long: The “pension whale” that had been continuously shorting has started to show signals of closing shorts after consecutive profitable periods. In addition, on-chain monitoring shows new large funds (about $120 million) have been withdrawn from exchanges to cold wallets, indicating that big players are locking in their positions.

Geopolitical tensions cool down: Although lingering effects remain from Trump’s remark about the “Iran mission completed,” the energy market (WTI crude oil) has already fallen back from the 101 highs, easing risk-off sentiment, and funds are flowing back into risk assets such as Ethereum.

ETF expectation reversal: With Morgan Stanley submitting the latest S-1 amendment, market expectations for a Q2 Ethereum spot ETF approval have warmed up again, and institutional buy-side demand has been active during Asian trading hours. Overall judgment: Bullish. The market has already digested bearish catalysts such as the Drift protocol being hacked, and has entered a phase of consolidation with an upward repair.

Technical Analysis: Longs break out on strong volume, kicking off a V-shaped reversal Pattern analysis V-shaped reversal: After completing a second dip around 2022 (a double-bottom structure), the price breaks out on rising volume. TD signal: The chart shows the current sequence is TD Up:3, meaning the long trend has only just started and has not yet reached the overbought exhaustion zone. Moving average system (MA): The price has successfully held above MA24 (2053) and MA120 (2054). Currently, MA24 has crossed upward through MA120 to form a golden cross—this is a strong bullish signal. Free Authorized TV Long/Short Support Indicator