#ETH


Short-term peak: The price experienced a strong rally earlier, reaching a high of 2273, then entered a prolonged sideways consolidation phase.
Support broken: Currently, the price has broken below the lower boundary of the consolidation range, with the current price at 2197, indicating a short-term downtrend.
Key levels: 2230 (former consolidation bottom, now acting as resistance), 2273 (previous high)
Support below: Around 2,100.
Short-term forecast (bearish consolidation): The market is currently in a weak rebound after a decline. If the price cannot regain and stay above 2220 in the short term, it is likely to continue downward to test support levels, possibly reaching 2180 or lower.
If it faces resistance around 2215 - 2230 during a rebound, or if the short-term rebound momentum is insufficient, it could be an opportunity to lightly short with the trend.
ETH-3.3%
View Original
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments