The overall sentiment in the crypto market is warming up, with Bitcoin holding steady at $74,000 driving Ethereum to break through the $2,300 level. However, the derivatives market has seen massive liquidations, indicating that leverage unwinding is not yet complete. Currently, ETH is in a consolidation phase at higher levels following a significant daily rally. On the 15-minute chart, price is hovering around the middle band of the Bollinger Band at approximately $2,277. Although supported by hourly moving average bullish signals, short-term price faces resistance from the previous high at $2,307, making direct long entries less attractive.

Given that the 24-hour gain has exceeded 9% and evening market volatility is intense, opening long positions at this time should employ a cautious strategy and avoid heavy position chasing. For aggressive entries, consider light positions around the $2,275-$2,280 zone with stop losses strictly below $2,265 to prevent sharp pullbacks from breaking short-term support. A more conservative approach would be to wait for price to retrace and stabilize around $2,250-$2,260 before positioning, targeting the $2,300 round number first, then looking toward $2,330 if it breaks through. Note that the current market is experiencing intense long-short battles, leverage multiples should not be too high, and beware of wick moves triggering unintended liquidations. Overall, maintain a trend-following approach while prioritizing defensive positioning. #Gate广场AI测评官 #加密市场上涨 #比特币站上七万美元 $BTC $ETH