Ethereum's recent trend has shown positive signals. On the hourly chart, a breakout of a falling wedge pattern has triggered a new round of pump. Currently, the 4-hour chart still indicates the continuation of the rise trend.
The latest market shows that Ethereum has broken through the key resistance level of $2293, causing short positions at that level to be forced to close. Meanwhile, the US stock market opened relatively stable, providing some support for the cryptocurrency market.
Analysts point out that Ethereum's next significant resistance level is around $2320. Considering the current rebound momentum, the price is expected to continue to rise. However, investors should remain vigilant as there may be strong selling pressure in the $2340 to $2370 range.
For short-term traders, if the price approaches the aforementioned resistance area, consider placing short positions on the highs. The potential pullback target levels may be around $2310, $2280, and $2240.
Although Ethereum has performed strongly in the short term, market participants still need to closely monitor the overall trends of the cryptocurrency market and global macroeconomic factors, which could have a significant impact on Ethereum's price direction.
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nft_widow
· 15h ago
yyds has risen along with BTC
Reply0
SatoshiNotNakamoto
· 15h ago
Laughing to death, I'm at work, I'm at work.
Reply0
HashRatePhilosopher
· 16h ago
2310 did not break through and will be trapped again.
Reply0
SchrodingerGas
· 16h ago
The gaming efficiency in small markets is still not enough... I can smell a strong scent of arbitrage even when watching the market late at night.
Ethereum's recent trend has shown positive signals. On the hourly chart, a breakout of a falling wedge pattern has triggered a new round of pump. Currently, the 4-hour chart still indicates the continuation of the rise trend.
The latest market shows that Ethereum has broken through the key resistance level of $2293, causing short positions at that level to be forced to close. Meanwhile, the US stock market opened relatively stable, providing some support for the cryptocurrency market.
Analysts point out that Ethereum's next significant resistance level is around $2320. Considering the current rebound momentum, the price is expected to continue to rise. However, investors should remain vigilant as there may be strong selling pressure in the $2340 to $2370 range.
For short-term traders, if the price approaches the aforementioned resistance area, consider placing short positions on the highs. The potential pullback target levels may be around $2310, $2280, and $2240.
Although Ethereum has performed strongly in the short term, market participants still need to closely monitor the overall trends of the cryptocurrency market and global macroeconomic factors, which could have a significant impact on Ethereum's price direction.