This pullback was slightly off from the expected support, reaching a low of 3350. Currently, in a small rebound, the key resistance area is 3500-3530. If it can break through this range, there is hope for the market to make another push, with 3600 in sight above. If the rebound cannot surpass 3500-3530, it is likely to test the bottom again. The first support to look at below is 3415, and if the hourly close breaks below this level, the small rebound will be over, and it may then test positions like 3310, 3250, and 3150.
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
This pullback was slightly off from the expected support, reaching a low of 3350. Currently, in a small rebound, the key resistance area is 3500-3530. If it can break through this range, there is hope for the market to make another push, with 3600 in sight above. If the rebound cannot surpass 3500-3530, it is likely to test the bottom again. The first support to look at below is 3415, and if the hourly close breaks below this level, the small rebound will be over, and it may then test positions like 3310, 3250, and 3150.