Ethereum is currently facing multiple resistance levels at 2529, 2543, and 2578, while the support range is mainly concentrated around 2455, 2412, and 2345.
From the daily chart perspective, the overall trend of Ethereum is bearish, with the main resistance level at 2613. However, the smaller time frame charts show signs of a bottoming formation. A bottom structure is forming on the four-hour and 30-minute time frames, which may bring a short-term rebound opportunity.
Today's market trend requires close attention to the strength of the rebound. If the rebound is weak, then the downward trend will still dominate.
Today, it is crucial to focus on whether the 4-hour cycle can firmly stand above 2527 during trading. If it can effectively break through 2542, a new bottom structure will be formed. It is worth noting that a bottom divergence signal has appeared on the 4-hour chart, which usually indicates a possible rebound.
In the short term, the movement of the 30-minute chart will become a key indicator for determining market direction.
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.
Ethereum is currently facing multiple resistance levels at 2529, 2543, and 2578, while the support range is mainly concentrated around 2455, 2412, and 2345.
From the daily chart perspective, the overall trend of Ethereum is bearish, with the main resistance level at 2613. However, the smaller time frame charts show signs of a bottoming formation. A bottom structure is forming on the four-hour and 30-minute time frames, which may bring a short-term rebound opportunity.
Today's market trend requires close attention to the strength of the rebound. If the rebound is weak, then the downward trend will still dominate.
Today, it is crucial to focus on whether the 4-hour cycle can firmly stand above 2527 during trading. If it can effectively break through 2542, a new bottom structure will be formed. It is worth noting that a bottom divergence signal has appeared on the 4-hour chart, which usually indicates a possible rebound.
In the short term, the movement of the 30-minute chart will become a key indicator for determining market direction.