On the eight-hour timeframe, Ethereum has some potential for a breakout. After forming a double bottom, the price has moved into a certain converging pattern. Within a small range, the price continues to fluctuate, and the trading volume continues to contract. There have been multiple upward wick spikes. There is a chance of breaking above the 1,850 key resistance level. Whether the move will have follow-through must be observed by changes in trading volume. The current trading volume is completely insufficient to support a valid breakout. In a bear market, reduced volume at highs is usually a false breakout; reduced volume at high levels is risky, and when volume increases on a pullback, it’s a sign to continue #预测世界杯挪威VS英格兰

ETH-0.27%
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