8.26 Market Overview: ETH shows multiple M-top patterns; consider shorting on the rebound or shorting if it breaks below support
ETH repeatedly failed to break through the 2505 area, forming a pullback; from the order book, 2505 has formed multiple M-top patterns—what remains is whether it can print a proportional (ratio-based) retracement
ETH has been consolidating around 2453, waiting for a signal to determine direction; tomorrow marks the start of the Hong Kong Blockchain Web3 conference—every time there’s an event, a “crash curse” seems to hit, and it hasn’t been broken yet
The 2453 line is the key support–resistance swap level; it acts as a pivot—both bulls and bears have dense positions laid there
The 2505 area is the head-side resistance; if the rebound reaches here, you can also place a small short position
According to a 1:1 ratio retracement from the head to the neckline: if the candle body breaks below 2453, support should be found around the 2400 area
Left-side setup: short from around 2505, defend above the recent high at 2550, targets around 2460 and 2410
Right-side setup: wait for the candle body to break below 2453, then short with the trend; defend above 2505, targets around 2451 and 2410
If you’re passing by, please help by giving a follow, like, and comment—it’s my biggest support. Thank you and appreciate it! The information above is for market analysis only and not for executing trades;
Follow me so you won’t get lost—I’ll bring you the latest updates and level analyses every day, plus the wealth “password” you want. Remember to follow and like! #美国财政部设量子就绪工作组 $ETH
ETH repeatedly failed to break through the 2505 area, forming a pullback; from the order book, 2505 has formed multiple M-top patterns—what remains is whether it can print a proportional (ratio-based) retracement
ETH has been consolidating around 2453, waiting for a signal to determine direction; tomorrow marks the start of the Hong Kong Blockchain Web3 conference—every time there’s an event, a “crash curse” seems to hit, and it hasn’t been broken yet
The 2453 line is the key support–resistance swap level; it acts as a pivot—both bulls and bears have dense positions laid there
The 2505 area is the head-side resistance; if the rebound reaches here, you can also place a small short position
According to a 1:1 ratio retracement from the head to the neckline: if the candle body breaks below 2453, support should be found around the 2400 area
Left-side setup: short from around 2505, defend above the recent high at 2550, targets around 2460 and 2410
Right-side setup: wait for the candle body to break below 2453, then short with the trend; defend above 2505, targets around 2451 and 2410
If you’re passing by, please help by giving a follow, like, and comment—it’s my biggest support. Thank you and appreciate it! The information above is for market analysis only and not for executing trades;
Follow me so you won’t get lost—I’ll bring you the latest updates and level analyses every day, plus the wealth “password” you want. Remember to follow and like! #美国财政部设量子就绪工作组 $ETH
