The posture $ETH has bounced back after testing the support yesterday without breaking below 1900. Currently, it is fluctuating and rebounding. From the emotional perspective, based on historical patterns, this can be viewed as a bottom consolidation. Personally, I see a continued fluctuation and rebound for now. The key resistance above is shown in the image below... To stabilize at 2050, targets of 2150/2220/2360 need to be reclaimed one by one. (The above is a personal opinion, not investment advice, for reference only!)
The posture $ETH has currently dropped back into the earlier channel. Currently, there is support at the small level 15-minute moving average of 200. Bulls can hold positions with stop-loss at this moving average. The upper pressure is around 2150 at the midline of the channel, and the upper channel line is a major resistance level, around 2200. From the current consolidation situation, the bulls are dominant. Keep a close eye on the lower line of this channel; if it breaks, we can pay attention to 1850……
Currently, the small-level structure of Ethereum $ETH is still in a downward oscillation. Currently, there is no bottom signal at the small level. From a structural perspective, it is moving through a downward channel, as shown in the figure below. Currently, attention is on the support situation at 2200. If it breaks, we look at the previous low. Right now, it needs to return to the 2360 area for the small-level structure to speculate on the bottom. The large-level pressure is around 2440; it can only go higher if it returns. The support below is around 2000-1950!
The market has been weakly fluctuating downward, breaking new lows, $ETH the secondary stock has currently broken through the key support level, with resistance and support switching, pressure has reached 2750-2800, and it can only strengthen if it breaks through and stabilizes again. The strong resonance support I can see is around 2440, hope it can hold here...
The concubine is currently consolidating here, and it is expected that fluctuations and direction will emerge soon. Currently, there is a resonance suppression at the daily 60 moving average on the chart, and only an effective breakout can allow for further upward movement. The critical position below is around 2750! $ETH