ETH's 4-hour level trend is currently under significant pressure


Before it returns to operate within the flag formation consolidation range
The market is gradually forming a rounded top pattern
The construction of the current rounded top pattern has progressed more than halfway
Volume simultaneously shows a divergent contraction characteristic at the top
This aligns with the classic rounded top trading logic
According to the standard measurement rules of this pattern
The 1:1 equal ratio retracement target is around 1500
This level is the definite downward anchor point after the pattern breakdown
Currently, there is no strong reversal signal on the chart#BTC下探60000美元关键关口
ETH-5.95%
BTC-3.32%
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GlassDomeUniverse
· 13h ago
The rounded-top pattern is indeed following a fairly standard move, and the volume confirmation is also well matched. I’ll note this 1500 anchor point for now.
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GateUser-176c498f
· 13h ago
Volume contraction + top divergence, this combination gives bears the upper hand without a doubt, but if the 60,000 level fails to hold, ETH's decline may exceed expectations.
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CyberBridgeDeepPerspective
· 15h ago
Classic formations are classic formations, but the market structure now is so different from a few years ago. If it really drops to 1500, I’d actually want a left-side entry point.
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Post-RainCancellationAgent
· 16h ago
The 4-hour level is forming a rounded top, while the daily chart looks like it's grinding a bottom. When multiple timeframes are conflicting, it's better to wait for a breakout confirmation before acting.
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