Ethereum (ETH) has recently shown a complex market situation. From the 12-hour level, ETH is at a critical moment, but one must be wary of potential hidden risks within the 6-hour, 8-hour, and 10-hour cycles.
In the short term, there may be support at the 2-hour, 3-hour, and 4-hour levels, and a 45-degree unilateral trend is worth noting. Currently, the resistance levels that ETH faces are 3606, 3636, and 3677 USD, while the support levels below are around 3517, 3486, and 3445 USD.
Investors should act cautiously and wait for a clear pattern to emerge before taking action. At the same time, remember not to open a position recklessly without a reasonable stop-loss.
The cryptocurrency market is constantly changing, and investors need to make their own judgments and bear the risks. Closely monitor market trends, combine various technical indicators and fundamental factors, in order to seize opportunities in this challenging market.
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.
9 Likes
Reward
9
8
Repost
Share
Comment
0/400
SnapshotStriker
· 08-04 13:39
Laughing to death, watching this trap of Technical Analysis again.
View OriginalReply0
ChainBrain
· 08-04 11:54
Both rise and fall, feeling at a loss.
View OriginalReply0
GasFeeVictim
· 08-04 02:49
lying in ambush 3500 just waiting for a big dump
View OriginalReply0
TokenSherpa
· 08-04 02:45
let me break this down... the hourly metrics clearly indicate
Reply0
VibesOverCharts
· 08-04 02:41
The chart has been empty for a long time; just play and that's it.
View OriginalReply0
ChainMelonWatcher
· 08-04 02:41
It's time to enter a position again.
View OriginalReply0
DaisyUnicorn
· 08-04 02:37
It's that time again when the little flowers are hesitant in the digital garden~ Looking at the charts is like checking the weather forecast.
Ethereum (ETH) has recently shown a complex market situation. From the 12-hour level, ETH is at a critical moment, but one must be wary of potential hidden risks within the 6-hour, 8-hour, and 10-hour cycles.
In the short term, there may be support at the 2-hour, 3-hour, and 4-hour levels, and a 45-degree unilateral trend is worth noting. Currently, the resistance levels that ETH faces are 3606, 3636, and 3677 USD, while the support levels below are around 3517, 3486, and 3445 USD.
Investors should act cautiously and wait for a clear pattern to emerge before taking action. At the same time, remember not to open a position recklessly without a reasonable stop-loss.
The cryptocurrency market is constantly changing, and investors need to make their own judgments and bear the risks. Closely monitor market trends, combine various technical indicators and fundamental factors, in order to seize opportunities in this challenging market.