First, let's look at the overall monthly chart:
ETH is seeing a rebound toward the 2-month line overall, not a new upward move.
Key resistance zones: 2414–2443 2388–2361
2414 is also a key level for the market to gain momentum. It needs to hold above this level before we can see whether a rebound toward the 2-month line will begin.
Key support below is around the 45-day EMA52: 2174–2129
The 45-day line support is at 2174 for futures and 2129 for spot.
Structural support: 1946–1906
In an extreme market, if it falls back to the 2-month line, support is at 1730.
Now let's look at the short-term intraday outlook:
Over the next 8 to 12 hours, downside momentum is insufficient, and a rebound is likely.
Clear support below ~ 45-day line: 2172
So on an intraday basis, a rebound is also worth trading, with a better risk-reward ratio than BTC
Intraday short-term support zone: 2220 2172 2129
Intraday short-term resistance zone: 2281 2323-2339
Taking into account the overall monthly trend and the intraday direction~~~
Overall, the market is still moving in a wide range, and it’s still a long way from the monthly trend getting underway~·~
