Currently, combining the daily and hourly chart trends, Ethereum's short-term upside needs to continue focusing on the test near 1830. If it stands firm above today, then Ethereum may have a turnaround in the next few days, but this ultimately depends on the news situation.



On the hourly chart, Ethereum's short-term consolidation trend is still very obvious. Currently, it continues to oscillate within the 1830-1730 range. Technically, it is slightly bullish. Today, it may break through the short-term resistance at 1830, then test 1850 or the trendline resistance near 1880. However, it is still difficult for short-term price action to form an effective upward climate, so while we can focus on bullishness, we should not have too high expectations. #ETH
ETH2.55%
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
Add a comment
Add a comment
KiteAndBlock
· 7h ago
The 1830 position is indeed grinding. If it can't hold steady, it will continue to oscillate.
View OriginalReply0
RouterRunner
· 8h ago
If the 1880 trend line resistance is touched, I'll immediately reduce my position. I dare not hold in this market.
View OriginalReply0
GateUser-fbbc916d
· 8h ago
Focus on the range 1730-1830, and before the breakout direction emerges, watch more and act less.
View OriginalReply0
LatencyLullaby
· 8h ago
On the hourly chart, it’s been chopping sideways for this long. Technically, being a bit more bullish is a good thing—but if a black swan hits from the news and hands it over for free, it’s still safer to try going long with a light position.
View OriginalReply0
  • Pinned