Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

What is the current situation of ETH? Let's take a look.



The monthly level has hit the previous high point, with three consecutive attempts to break through without success, indicating a bearish trend. If you really want to catch the bottom, keep an eye on the 2485 position, as that is the monthly support.

The weekly chart has closed with a large bearish candle, indicating a clear downward direction. The nearest support is at 2972. It's highly likely that this level will be reached, as Bitcoin has not yet peaked, and it's normal for ETH to adjust accordingly.

There are three resistance levels above the daily line: 3231, 3287, 3414. Don't rush to place short orders in advance, as the rebound range is difficult to judge. If you want to short, wait for the rebound to approach a resistance level and close the line, then look for a specific entry point on the 4-hour chart when a topping candlestick pattern appears.

The 4-hour chart looks like it is forming a bottom, with the neckline around 3219. But to be honest, it’s not easy to operate, and we still have to watch Bitcoin's movements. For now, let's just wait and see.
ETH2.01%
BTC-0.16%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
ApeEscapeArtistvip
· 14h ago
It's this trap again; the monthly line has tested three times without breaking, the short positions are really quite fierce.
View OriginalReply0
GateUser-44a00d6cvip
· 14h ago
Another fall, it seems that 2972 has to break. If BTC doesn't move, how can ETH move, haha.
View OriginalReply0
HypotheticalLiquidatorvip
· 14h ago
The monthly line has tested three times without breaking, which is ridiculous. The 2485 level will eventually be retested, and the health factor must be closely monitored. One misstep could lead to a chain of Get Liquidated.
View OriginalReply0
GhostChainLoyalistvip
· 14h ago
Wait, the monthly line hasn't been broken after three attempts? It has to go down, is it really going to test 2972...
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)