【Brother Tong's Evening Analysis】

First, review the market situation
The price quickly dropped from a high of 77,600 to 76,504, forming a super large long lower shadow candlestick to probe the bottom.
This is not a trend crash, but a violent shakeout by the main force, low-level capital absorption, and the complete release of bearish momentum.
Previously, the high-level distribution and targeted stop-loss sweeps were completed, and this sharp decline is a trap to induce shorts and shake out traders, with a large amount of bottom-fishing capital stepping in, quickly pulling back to the current price of 77,400.
The major bullish structure remains intact, and overall it is still in an upward consolidation without a trend reversal.
Bullish Strategy
• Entry: 77,100–77,300
• Stop-loss: 76,800
First target: 77,900
Second target: 78,500
ETH, like BTC, is in an upward consolidation, not breaking the trend, just a short-term shakeout.
Entry: Rebound to 2,305–2,315 and stabilize before going long
Stop-loss: 2,285
First target: 2,345–2,355
Second target: 2,380–2,400