9.23 ETH market analysis
Ethereum’s consolidation has not ended. The broader trend hasn’t finished rising either—upgrades are primarily on the 3-day and 2-day levels.
Right now, the 15-minute chart has stopped falling and is no longer dropping; don’t chase shorts. Wait for the price to rally and break above the previous high, then consider shorting when a divergence and acceleration appear (shorting is the primary focus).
On the 2/3/4-hour charts, the MACD has a bearish crossover on highs (non-divergent), while the 15-minute and 30-minute EMA zero-line are intertwined.
Resistance: 2782, 2815, 2832, 2850–2880
Support: 2715, 2680, 2660, 2624, $ETH
Ethereum’s consolidation has not ended. The broader trend hasn’t finished rising either—upgrades are primarily on the 3-day and 2-day levels.
Right now, the 15-minute chart has stopped falling and is no longer dropping; don’t chase shorts. Wait for the price to rally and break above the previous high, then consider shorting when a divergence and acceleration appear (shorting is the primary focus).
On the 2/3/4-hour charts, the MACD has a bearish crossover on highs (non-divergent), while the 15-minute and 30-minute EMA zero-line are intertwined.
Resistance: 2782, 2815, 2832, 2850–2880
Support: 2715, 2680, 2660, 2624, $ETH
