$ETH Is it currently building up momentum or has the rise ended?
Looking at ETH on the 4-hour chart: right now the price is around 1915.
Using Chan Theory:
ETH has already completed a low-level rebound segment and is now entering a consolidation phase in the middle stage after a rise.
A simple way to understand it:
The previous move up was one leg,
and now it’s constructing a trading range, waiting for a direction to be chosen.
The current key consolidation zone:
📍1880-1950
This range is the battlefield between bulls and bears.
If ETH breaks out with volume:
🔥1950-1960
It means the consolidation range exits upward and forms a Chan Theory “three buys” signal.
Upside targets:
➡️2000
➡️2040
Or even continue to challenge the previous high.
But if it breaks down:
⚠️1880
It indicates the current upward structure has been broken.
Support to watch:
1860
1820
In Chan Theory, the most important thing is not prediction, but waiting for confirmation.
As for ETH right now:
It’s not an obvious top, and it’s not weak downward selling.
More like:
Consolidation within an uptrend.
Next key point:
Watch whether it breaks above 1950, or whether 1880 gets broken.
The directional choice is right there—between these two levels.
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