$ETH
ETH View Update:
On the smaller timeframe, it followed the breakout and successfully broke through the previous horizontal resistance line. The high pushed up to around 2808, followed by a short-term pullback. Watch to see whether, after the adjustment, it fails to develop an independent trend!
Structurally, focus on the horizontal line below. What used to be resistance may turn into support. If it breaks, then this breakout would be a false breakout structure—be cautious of the downside risk!
For the upside, the short-term range high to watch is around 2808. Support is around 2660.
ETH View Update:
On the smaller timeframe, it followed the breakout and successfully broke through the previous horizontal resistance line. The high pushed up to around 2808, followed by a short-term pullback. Watch to see whether, after the adjustment, it fails to develop an independent trend!
Structurally, focus on the horizontal line below. What used to be resistance may turn into support. If it breaks, then this breakout would be a false breakout structure—be cautious of the downside risk!
For the upside, the short-term range high to watch is around 2808. Support is around 2660.
