$ETH Evening thoughts:


Second Bitcoin (ETH) failed to break below the triangle and found support at 1927, then started to rebound and broke through the triangle. However, it is now facing resistance at 1985 and cannot sustain the upward momentum. Without breaking through 1985, it cannot continue to look higher; only a breakthrough above 1985 can target the 2015-2052 range. Currently, ETH is testing the upper boundary of the triangle again, which could hold and give another chance to challenge 1985. If it cannot hold, a drop below 1927 would lead to a retest of around 1860. When it can't go up or down, it will consolidate in the 1985-1927 range. I don't know how long this consolidation will last.
When ETH breaks above 1987 with increased volume, consider going long; when it drops below 1955 with increased volume, consider going short. Pay attention to volume changes and set proper stop-losses.
On the hourly chart, if ETH stabilizes above 1985, look for targets at 2015-2052.
On the 4-hour chart, if it breaks below 1955, look down to 1907-1860. No other levels to mention; meeting adjourned.
ETH2%
View Original
post-image
post-image
[The user has shared his/her trading data. Go to the App to view more.]
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.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
WatchTheGoldPriceIncreasevip
· 8h ago
Are 60% bullish signals all worthless? Why can't it go up?
View OriginalReply0
AboveTheMoonvip
· 17h ago
Hello, analyst. It seems you're currently experiencing unrealized losses...
View OriginalReply0
View More
  • Pin