$ETH Volatility gathers momentum—after the 1847 spike, can there be a rebound?
Today’s ETH price action saw a drop followed by a rise. In the morning, it quickly tested the 1847 area, then rebounded. Currently, the price is hovering around the 1860 level.
In the short term, support in the 1845–1850 zone remains valid, but resistance is clearly stronger above 1875–1880. Bulls and bears are fighting at a key turning point.
From the chart structure, ETH is still in a range-bound consolidation phase. While a rebound has occurred, trading volume has not expanded noticeably, so it’s not yet possible to confirm a trend reversal. For now, the market still depends on a breakout from key levels.
Mi Jie’s personal view: Watch the 1845 support below. If it breaks, the bearish momentum may be released further, with the downside target in the 1820–1800 range.
For the upside, focus on the 1875–1880 resistance area. If there is a breakout with increased volume and the price holds above it, there may be an opportunity for the short term to push toward around 1900.
For trading today, Mi Jie advises against blindly chasing positions around 1860. Wait for opportunities at key levels. If the rebound approaches 1875–1880, you can consider short setups. If it pulls back to around 1845 and stabilizes, then a low-level buy could be considered. The current market is essentially range-bound “washing,” so patience and waiting for the direction to be confirmed is more important than frequent trading.
#亚马逊市值首破3万亿美元 #Palantir涨10%受Q2财报超预期推动
Today’s ETH price action saw a drop followed by a rise. In the morning, it quickly tested the 1847 area, then rebounded. Currently, the price is hovering around the 1860 level.
In the short term, support in the 1845–1850 zone remains valid, but resistance is clearly stronger above 1875–1880. Bulls and bears are fighting at a key turning point.
From the chart structure, ETH is still in a range-bound consolidation phase. While a rebound has occurred, trading volume has not expanded noticeably, so it’s not yet possible to confirm a trend reversal. For now, the market still depends on a breakout from key levels.
Mi Jie’s personal view: Watch the 1845 support below. If it breaks, the bearish momentum may be released further, with the downside target in the 1820–1800 range.
For the upside, focus on the 1875–1880 resistance area. If there is a breakout with increased volume and the price holds above it, there may be an opportunity for the short term to push toward around 1900.
For trading today, Mi Jie advises against blindly chasing positions around 1860. Wait for opportunities at key levels. If the rebound approaches 1875–1880, you can consider short setups. If it pulls back to around 1845 and stabilizes, then a low-level buy could be considered. The current market is essentially range-bound “washing,” so patience and waiting for the direction to be confirmed is more important than frequent trading.
#亚马逊市值首破3万亿美元 #Palantir涨10%受Q2财报超预期推动
