ETH's recent trend is quite promising. After bouncing off the support level of $2,600, it successfully reclaimed $3,000, but then faced resistance around $3,500—this position coincides with the convergence point of the 100-day and 200-day moving averages, indicating significant pressure. There are two directions to watch for in the subsequent market movement: one is continued downward pressure, potentially testing the $2,600 support; the other is a breakout upwards, targeting $4,000. From the 4-hour chart, the current formation of a symmetrical triangle suggests an imminent breakout in either direction.
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MEVvictim
· 2h ago
3500 is really a tough level, it feels like either a sharp drop or a sharp rise, with no middle ground.
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MetaMisery
· 01-09 20:53
The 3500 level is really tough; it feels like either breaking through or turning back.
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MindsetExpander
· 01-09 20:53
The 3500 level is still too tough; it feels like I can't break through.
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tx_or_didn't_happen
· 01-09 20:44
That 3500 hurdle really got stuck, I feel like I should go down and try 2600.
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PumpBeforeRug
· 01-09 20:34
The 3500 level is really a hurdle; whether it breaks or not depends on these two days.
ETH's recent trend is quite promising. After bouncing off the support level of $2,600, it successfully reclaimed $3,000, but then faced resistance around $3,500—this position coincides with the convergence point of the 100-day and 200-day moving averages, indicating significant pressure. There are two directions to watch for in the subsequent market movement: one is continued downward pressure, potentially testing the $2,600 support; the other is a breakout upwards, targeting $4,000. From the 4-hour chart, the current formation of a symmetrical triangle suggests an imminent breakout in either direction.