ETH hits a high and meets resistance; consolidation at high levels—does the trend look intact?🤔
After ETH surged up to 2565, it encountered sell pressure and pulled back. The current price is hovering around 2509, moving back and forth. From the low point 2248, this round has seen a maximum gain of 14%. After reaching the high, it then printed a series of long upper wicks.
On the 4-hour chart, the EMA moving-average bullish alignment has not been broken. The short-, mid-, and long-term moving averages continue rising, and price is holding above the moving averages. The MFI has fallen back to 51.65, returning to a neutral zone with no overbought pressure. As long as trading volume follows through, there is still potential for an upward push.
Although there was a sudden drop of 1.27% within 15 minutes during the session, it was just short-term fluctuation within a high-level consolidation range and has not resulted in a breakdown.
📍 Key levels
Support: 2498–2503 (5/10-day moving average); core defense at 2440–2460. If this zone holds, the uptrend from this round remains intact.
Resistance: 2528, followed by the previous high at 2565. Only if it holds can upside space open up.
Market summary:
At this stage, it’s a consolidation and shakeout after a big rise. As long as the 2440 support is not lost, the bullish structure remains unchanged. In a high-level consolidation market, avoid chasing; wait for the pullback to support before considering a low-long setup.
Do you think ETH will break above 2565 next, or will it dip deeper first?👇 Let’s discuss in the comments!
#ETH走势分析 #以太坊合约 #SOL本周上涨20% #黄金8月上涨约14% $ETH $SOL $XAU
After ETH surged up to 2565, it encountered sell pressure and pulled back. The current price is hovering around 2509, moving back and forth. From the low point 2248, this round has seen a maximum gain of 14%. After reaching the high, it then printed a series of long upper wicks.
On the 4-hour chart, the EMA moving-average bullish alignment has not been broken. The short-, mid-, and long-term moving averages continue rising, and price is holding above the moving averages. The MFI has fallen back to 51.65, returning to a neutral zone with no overbought pressure. As long as trading volume follows through, there is still potential for an upward push.
Although there was a sudden drop of 1.27% within 15 minutes during the session, it was just short-term fluctuation within a high-level consolidation range and has not resulted in a breakdown.
📍 Key levels
Support: 2498–2503 (5/10-day moving average); core defense at 2440–2460. If this zone holds, the uptrend from this round remains intact.
Resistance: 2528, followed by the previous high at 2565. Only if it holds can upside space open up.
Market summary:
At this stage, it’s a consolidation and shakeout after a big rise. As long as the 2440 support is not lost, the bullish structure remains unchanged. In a high-level consolidation market, avoid chasing; wait for the pullback to support before considering a low-long setup.
Do you think ETH will break above 2565 next, or will it dip deeper first?👇 Let’s discuss in the comments!
#ETH走势分析 #以太坊合约 #SOL本周上涨20% #黄金8月上涨约14% $ETH $SOL $XAU
