#数字资产市场洞察 $ETH Nighttime market reversal, I’ve watched this scene over and over—first surging then crashing, a classic trap pattern.

From the high of 3030, it plunged all the way down to 2791. What signals are hidden behind this rollercoaster of volatility? The selling pressure above is obvious; after pushing the price up to unload, the funds immediately hit back down, trapping the bulls.

Looking at the moving average system, the situation becomes even clearer. The 7-day moving average holds at 2833, the 25-day at 2896, and the 99-day is as high as 2930. The current price of 2799 is being layered down by these moving averages—short-term bears have the upper hand and are hard to shake.

But here’s a key point: 2800. The price is currently hovering around 2799, just a hair away from this support level. This is not only a critical technical line but also the main battleground for bulls and bears tonight.

The logic for going long is simple—wait for the price to stabilize around 2800, and only consider entering a small position if several consecutive 15-minute candles stay above this level and no longer make new lows. For the bears, they will hold this line tightly; once 2790 is effectively broken and the rebound falters, unable to return above 2800, the bears’ attack will continue.

This night trading battle hinges on whether 2800 can hold.