Sister Ting's Morning Ethereum Analysis: $ETH


From the hourly chart of Ethereum, it can be seen that a few days ago, after reaching the high of 2416, it entered a sideways consolidation. Currently trading around 2320, the Bollinger Bands are narrowing, and the price is close to the middle band but below it, indicating that short-term momentum is weakening and market sentiment is becoming cautious. If the support level around 2300 can hold, there is still a chance to accumulate bullish momentum and test the upper range of 2350–2400 again; but if it breaks below 2300, the price may retest support levels at 2260 or even 2220. Overall, Ethereum is currently in a consolidation phase, with short-term weakness, and a medium-term breakthrough of the 2350 resistance is still needed to establish new upward momentum.
ETH0.69%
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