2024/07/12 | $ETH Four-hour chart
Ethereum formed a double bottom in four hours, and the upper side hit around 3200.
Currently, it is in a 📈 trend, consolidating near the neckline, and is in the horizontal support area, that is, around 3060 US dollars, and this area belongs to 0.618 of the rise in this section.
The lower support area is around 2960 US dollars, which is 0.382 of the rise in this section.
The upper resistance level is around 3354 US dollars, which is the double bottom 1:1 long single target.
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