#ETH Chart column chart行情 breakdown analysis

The market shows a sequence of consecutive bearish candles falling within a downward channel above, followed by a rapid sell-off that hits the low point; then it stabilizes and bottoms out, forming a step-like recovery wave.

During the rebound, bullish candles have strong strength, but as price approaches the 1790–1830 resistance zone, the candlestick bodies obviously narrow. Multiple small bearish and small bullish candles show choppy consolidation; bullish momentum starts to fade, with clear characteristics of being pressured.

In the optimistic path for the bulls: if trading volume increases and price can reclaim and hold above the top edge of the 1850 range box, with the closing price consistently staying above the box, then bullish buying pressure is strong. The target could be around 1950.

But at the moment, the bears have the advantage: price is hovering near this resistance level, and the probability of a slow, grinding breakout is not high. Moreover, even if a breakout happens, the momentum likely won’t be very strong.