Ethereum's recent performance has been relatively stable; it didn't follow Bitcoin to test its previous lows, which is commendable. However, the current situation is a bit tricky—although the triangle pattern hasn't broken yet, the resistance at 3183 remains tough to overcome, and there's now an M-top structure forming inside.
The key levels to watch are these: The neckline of the M-top is at 3118, which happens to be the lower edge of the triangle. If this level is lost, the M-top will be confirmed and the decline could accelerate. Conversely, if 3183 is broken through, the W-bottom structure will hold, leaving room for further upward movement. Right now, it's all about waiting for a directional breakout.
Trading suggestions based on breakout direction: - If 3140 breaks upward with volume, consider going long (right-side trading); set your stop-loss accordingly. - If 3118 breaks downward with volume, follow the trend and go short; watch for volume confirmation.
Specific targets: On the hourly chart, if 3183 is firmly broken, look for the 3220-3270 range; on the 4-hour chart, if 3116 is lost, pay attention to the 3064-3000 zone below.
Also, a reminder: don't let the 4-hour chart close as an evening star, or the correction may just be starting. Observe first before taking action.
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RamenStacker
· 11h ago
If 3118 is broken, just turn bearish on this move—no need to guess the bottom.
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BlockchainTherapist
· 16h ago
As soon as 3118 broke, it started to fall. Feels like it's still going to drop.
View OriginalReply0
SocialFiQueen
· 16h ago
This double top is really uncomfortable, 3183 is truly a hurdle.
View OriginalReply0
LiquidityNinja
· 16h ago
Whether this key level of 3118 is broken or not will directly determine what happens next.
View OriginalReply0
VitalikFanAccount
· 16h ago
ETH’s current position is really frustrating. 3183 is like a fortress that just won’t break no matter what. Feels like we’ll have to wait for a spike in volume to get through.
#比特币对比代币化黄金 $ETH Current Trend Observation:
Ethereum's recent performance has been relatively stable; it didn't follow Bitcoin to test its previous lows, which is commendable. However, the current situation is a bit tricky—although the triangle pattern hasn't broken yet, the resistance at 3183 remains tough to overcome, and there's now an M-top structure forming inside.
The key levels to watch are these: The neckline of the M-top is at 3118, which happens to be the lower edge of the triangle. If this level is lost, the M-top will be confirmed and the decline could accelerate. Conversely, if 3183 is broken through, the W-bottom structure will hold, leaving room for further upward movement. Right now, it's all about waiting for a directional breakout.
Trading suggestions based on breakout direction:
- If 3140 breaks upward with volume, consider going long (right-side trading); set your stop-loss accordingly.
- If 3118 breaks downward with volume, follow the trend and go short; watch for volume confirmation.
Specific targets: On the hourly chart, if 3183 is firmly broken, look for the 3220-3270 range; on the 4-hour chart, if 3116 is lost, pay attention to the 3064-3000 zone below.
Also, a reminder: don't let the 4-hour chart close as an evening star, or the correction may just be starting. Observe first before taking action.
$ETH