ETh Intraday



Currently, the 4-hour upward channel for ETH has been broken downward, successfully breaking through the strong support level around 2315, and the rebound failed to break this key level. At present, this position has shifted from support to resistance. Now, a small downward channel has formed on the 1-hour chart.

This is undoubtedly a good signal for those who previously took short positions around 2400. But it's not time to pop the champagne yet.

What to watch for intraday is:

Long positions: Watch for an upward breakout around 2315. If this level is broken upward with increased volume and stabilizes, consider entering long positions, aiming for around 2380, with a stop below 2290.

Short positions: Consider short entries around 2300, with targets below 2250, and a stop above 2328.
ETH0.3%
SOL-0.46%
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