ETH 4H Market Analysis
Continuing from the previous ETH analysis, it was noted yesterday that Ethereum's short-term trend was highlighted and support levels were given; it rebounded upward without touching support, similar to Bitcoin, facing resistance at the previous rebound high.
From the trend, ETH seems to have the intention to break upwards, having stabilized at the 0.382 retracement level. Based on previous trends, the lows are gradually rising, forming a triangular trend channel that is nearing its conclusion, urgently needing an accelerated breakout, with a high probability of upward movement. Pay attention to the support performance around 3440 below, and watch the 3720 level above.
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