#ETH

ETH Market Analysis (4H)

Continuing from the previous ETH analysis: Yesterday, I briefly discussed the current trend of Ethereum with the brothers and provided a short-term support level. However, it rebounded without hitting the support level during the downturn, similar to Bitcoin, and faced resistance at the previous rebound high.

Looking purely at the trend, Ethereum here seems to have the potential for further explosive growth. The 0.382 retracement level of this wave has stabilized, and combined with the previous trend, the lows are rising, forming a triangular trend channel. Currently, we are in the finishing stage, waiting for a wave of accelerated breakthrough, likely leading to an upward structure! Pay attention to the short-term support reaction around 3440, while the focus above should be on the 3720 level!