ETH Price Prediction: Additional Note for Sharp-eyed Traders
If you've carefully studied the ABP chart image included in this article, you may have noticed the beginning of a relatively significant red bar at the most recent timeframe. This suggests some investors are now beginning to sell Ethereum at a loss, which could indicate the start of some short-term profit-taking or a temporary pullback. To cross-check this, we analyzed Ethereum through volume profile analysis using Bitcoin Futures as a correlated indicator. Currently, Bitcoin Futures trade at around $2,657, with notable resistance zones appearing slightly higher, specifically between $2,665 to $2,675. This zone includes key technical resistance points such as yesterday’s Point of Control (POC), yesterday’s Value Area High (VAH), and other important price levels.
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.
ETH Price Prediction: Additional Note for Sharp-eyed Traders
If you've carefully studied the ABP chart image included in this article, you may have noticed the beginning of a relatively significant red bar at the most recent timeframe. This suggests some investors are now beginning to sell Ethereum at a loss, which could indicate the start of some short-term profit-taking or a temporary pullback.
To cross-check this, we analyzed Ethereum through volume profile analysis using Bitcoin Futures as a correlated indicator. Currently, Bitcoin Futures trade at around $2,657, with notable resistance zones appearing slightly higher, specifically between $2,665 to $2,675. This zone includes key technical resistance points such as yesterday’s Point of Control (POC), yesterday’s Value Area High (VAH), and other important price levels.