Ethereum is being traded around US$1.795–1.800, up about 1–3% over the last 24 hours. This rise suggests that buying momentum is starting to return after several days of consolidation.



* Short-term trend: Moderately bullish. ETH is beginning to form a higher-low pattern, indicating buyers are starting to take control of the market.
* Main support: US$1.750. As long as the price holds above this area, the chances of further upside remain greater.
* Nearest resistance: US$1.820, then US$1.850. If these resistance levels are broken with strong volume, ETH could continue the rally toward the US$1.900 range.

Indicators to watch

* Trading volume is starting to increase, signaling that buy interest is growing again.
* Open interest on futures contracts is also rising, indicating more market participants are opening new positions. This is often a signal that volatility may increase in the near term.

I estimate there are three possibilities:

* 60% chance: ETH moves in the US$1.790–1.830 range with a bullish bias.
* 30% chance: ETH breaks above US$1.850 if Bitcoin also continues to rise.
* 10% chance: ETH falls back to test US$1.750 if profit-taking occurs or if Bitcoin weakens.

As long as US$1.750 remains support, Ethereum’s market structure still looks positive. The US$1.820–1.850 area is the zone to watch today. If it is successfully broken with high volume, the odds of moving toward US$1.900 in the coming days will increase. Conversely, a drop below US$1.750 would be a sign that bullish momentum is starting to weaken. $ETH $BTC
ETH-3.12%
BTC-1.93%
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