$ETH 9.17 ETH market analysis
After the rate hike was implemented in the early morning, ETH’s wick was pulled back without breaking the level. In the short term, it’s slightly biased toward a pullback, with no one-way trend.
Wait for the 5-day moving average close to confirm the hidden bullish setup. At the daily level, price is oscillating along the lower band of the box range.
On the 4H/6H/8H timeframes: downward pressure; on the 2H/1H: a bottoming correction.
Intraday resistance: 2435, 2468, 2484, 2515
Intraday support: 2386, 2360, 2336, 2316
After the rate hike was implemented in the early morning, ETH’s wick was pulled back without breaking the level. In the short term, it’s slightly biased toward a pullback, with no one-way trend.
Wait for the 5-day moving average close to confirm the hidden bullish setup. At the daily level, price is oscillating along the lower band of the box range.
On the 4H/6H/8H timeframes: downward pressure; on the 2H/1H: a bottoming correction.
Intraday resistance: 2435, 2468, 2484, 2515
Intraday support: 2386, 2360, 2336, 2316
