Paragraph: "The rally kicked off early in the week and hasn't let up. Volume more than quadrupled, a sign that this isn't just a thin-market pop. Ethereum's price now sits just below a level that has rejected buyers repeatedly over the past several weeks. The question is whether this time is different."
Translation: "Rally bermula awal minggu dan tidak reda. Volum meningkat lebih daripada empat kali ganda, tanda bahawa ini bukan sekadar lonjakan pasaran yang tipis. Harga Ethereum kini berada tepat di bawah paras yang telah menolak pembeli berulang kali sepanjang beberapa minggu lalu. Persoalannya ialah sama ada kali ini berbeza."
"Thin-market pop" - "lonjakan pasaran tipis" or "pop pasaran nipis". I'll use "lonjakan pasaran yang tipis" to be clear.
Next: "For now, momentum is clearly on the bulls' side. But momentum alone doesn't clear a resistance zone that has held firm before. The next few sessions will tell whether this is a genuine breakout or another head-fake."
Translation: "Buat masa ini, momentum jelas menyebelahi pihak pembeli (bulls). Tetapi momentum sahaja tidak cukup untuk melepasi zon rintangan yang telah bertahan sebelum ini. Beberapa sesi akan datang akan menentukan sama ada ini penembusan sebenar atau sekadar penipuan (head-fake)."
"Bulls" - in Malay, often "lembu jantan" but in financial context, "pembeli" or "bull" is used. I'll use "pembeli" but to be precise, "pihak bull" is also common. I'll use "pihak pembeli" to be clear. "Head-fake" - "penipuan" or "gerakan palsu". I'll use "penipuan" but it might not capture the exact meaning. "Head-fake" is a deceptive move. I'll use "gerakan palsu" or "penipuan". I'll use "penipuan" for simplicity.
Next:
The wall ahead
->
Dinding di hadapan
or "Halangan di hadapan". I'll use "Halangan di hadapan" because "wall" is metaphorical. But "dinding" is literal. I'll use "Halangan di hadapan" to be more natural.
Paragraph: "Buyers are now confronting heavy resistance. That's the first risk. Every rally has a ceiling, and this one is well-defined. The level has been tested before, and each time sellers stepped in. To get past it, ETH will need sustained buying pressure — not just a single volume spike."
Translation: "Pembeli kini berhadapan dengan rintangan yang berat. Itu risiko pertama. Setiap rally mempunyai siling, dan yang ini jelas ditakrifkan. Paras itu telah diuji sebelum ini, dan setiap kali penjual masuk campur. Untuk melepasinya, ETH memerlukan tekanan belian yang berterusan — bukan sekadar lonjakan volum sekali sahaja."
"Ceiling" - "siling" is fine. "Sustained buying pressure" - "tekanan belian yang berterusan". "Volume spike" - "lonjakan volum".
Next: "If buyers can't push through, the pullback could be sharp. The 402% volume jump cuts both ways: it shows conviction, but it also means a lot of traders are positioned for a move. If that move fails, those positions unwind quickly."
Translation: "Jika pembeli tidak dapat menembusi, penarikan semula (pullback) boleh menjadi tajam. Lonjakan volum 402% itu memberi kesan dua hala: ia menunjukkan keyakinan, tetapi ia juga bermakna ramai pedagang telah meletakkan posisi untuk satu pergerakan. Jika pergerakan itu gagal, posisi-posisi tersebut akan dibubarkan dengan cepat."
"Pullback" - "penarikan semula" or "pulangan semula". I'll use "penarikan semula". "Unwind" - "dibubarkan" or "ditutup". I'll use "dibubarkan".
Next:
The short squeeze angle
->
Sudut pemerasan pendek (short squeeze)
or "Aspek pemerasan jualan pendek". I'll use "Sudut pemerasan jualan pendek" but "short squeeze" is a term. I'll keep "short squeeze" in English? But we need to translate. I'll use "pemerasan jualan pendek" but it might not be standard. Actually, in Malay financial media, they often use "short squeeze" as is. But since we are translating, I'll try to translate: "Sudut pemerasan jualan pendek" but "pemerasan" means extortion. Better: "Aspek pemerasan jualan pendek" but "pemerasan" is not ideal. Maybe "Aspek tekanan belian terhadap jualan pendek" but that's too long. I'll use "Aspek short squeeze" but that's not translation. Let's think: "short squeeze" is when short sellers are forced to cover, causing price to rise. In Malay, it might be "tekanan belian ke atas jualan pendek" but that's descriptive. I'll use "Aspek pemerasan jualan pendek" but I'm not sure. Alternatively, I can keep it as "short squeeze" in quotes. But the instruction says to use appropriate Malay terminology for crypto/tech terms. Since "short squeeze" is a specific term, it might be acceptable to keep it. However, we can translate as "pemerasan jualan pendek" but that sounds like extortion. Actually,
