$ETH Price fails to continue the upward trend after breaking the triangle pattern, closing with a shooting star at a high level, short-term upward pressure.


To continue the rebound, it must first break through the resistance zone of 2131-2144, aiming for 2158-2193; only after stabilizing above 2193 can the upward space be opened. Currently, it is only a rebound, not a trend reversal.

A pullback that does not return to the triangle zone is a normal adjustment; once it falls back into the zone, it will test the support at 2078. The current rally has been shrinking in volume overall; without effective volume increase, resistance levels are difficult to break through, and the market is likely to fall back.

Short-term operations
Break through 2125 with volume, go long accordingly, target 2158-2193;
Break below 2099 with volume, rebound to short, watch volume closely, and strictly set stop-loss.

The four-hour chart returns to the range, breaking the downward trend line, and holding the trend line may lead to a breakout of the range; if it falls below the trend line, the range will be lost, and it will be difficult to regain later. 2197 is the key dividing line; only a breakout can lead to a reversal, if not, the range will remain oscillating.

Markets often fluctuate, and news can also cause interference, but the core of trading is always to keep a steady mindset.
ETH-0.17%
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