ETH: Structure weaker than BTC; first watch whether it can reclaim the resistance zone
ETH rebounded from around $2,405 to near $2,492 and is still in a recovery phase following the decline.
Compared with BTC, ETH’s moving-average structure is weaker: its price is below both the daily 20-day moving average, around $2,670, and the 50-day moving average, around $2,554.
In the short term, watch $2,500–$2,520 first. If ETH breaks above and holds this range, the next level to watch is $2,550–$2,585. Reclaiming this zone would provide a stronger basis for discussing a recovery toward $2,650–$2,700.
To the downside, watch around $2,470 first, with key support at $2,400–$2,420. If ETH breaks below the previous low and fails to recover it, the rebound thesis will need to be reassessed.
My view: Buying at lower levels doesn’t mean the trend has reversed. Rather than trying to call a bottom, it’s more worthwhile to watch whether the lows are rising and whether price can break above the high of the previous rebound.
#ETH#ETH走势分析
$ETH
ETH rebounded from around $2,405 to near $2,492 and is still in a recovery phase following the decline.
Compared with BTC, ETH’s moving-average structure is weaker: its price is below both the daily 20-day moving average, around $2,670, and the 50-day moving average, around $2,554.
In the short term, watch $2,500–$2,520 first. If ETH breaks above and holds this range, the next level to watch is $2,550–$2,585. Reclaiming this zone would provide a stronger basis for discussing a recovery toward $2,650–$2,700.
To the downside, watch around $2,470 first, with key support at $2,400–$2,420. If ETH breaks below the previous low and fails to recover it, the rebound thesis will need to be reassessed.
My view: Buying at lower levels doesn’t mean the trend has reversed. Rather than trying to call a bottom, it’s more worthwhile to watch whether the lows are rising and whether price can break above the high of the previous rebound.
#ETH#ETH走势分析
$ETH