The short-term trend of Ethereum against the US dollar (ETHUSDT) is validating the previous intraday analysis predictions. If the closing at 14:00 can effectively break through the upper trend resistance line, the market may continue to move upward as previously analyzed. Based on the A-B-C corrective wave and fibonacci retracement levels, we can expect several potential resistance levels: 4340, 4427, and 4513. These levels coincide with the resistance areas shown by the candlestick patterns, specifically manifested in the ranges of 4360-4380 and 4450-4470.



Market participants should closely monitor these key price levels, as they may become important resistance points or breakout targets in the short term. It is noteworthy that the strength of the price action and trading volume after breaking above the trend line will be key indicators to assess whether the upward momentum is sufficient. At the same time, investors should not overlook the potential pullback risks, especially when approaching these important resistance levels.

In the current complex market environment, it is crucial to flexibly adjust trading strategies. Whether to choose to chase prices after a breakout or wait to enter after a pullback, decisions need to be made in conjunction with personal risk preferences and the overall market atmosphere. Additionally, considering the high volatility of the cryptocurrency market, it is equally important to set reasonable stop-loss and take-profit points to protect investment gains and control risks.
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BlockDetectivevip
· 08-22 18:53
Cautious bullish operations
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ProposalManiacvip
· 08-22 05:47
Firmly support pump
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DefiOldTrickstervip
· 08-22 05:42
Continue to be bullish on Ethereum
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BasementAlchemistvip
· 08-22 05:42
All in long order
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Hash_Banditvip
· 08-22 05:38
Take action when the risk is in place
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OffchainWinnervip
· 08-22 05:21
Breakthrough is an opportunity
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