#ETH

ETH Market Analysis

Let's observe Ethereum from a smaller timeframe. Its recent performance has been slightly stronger than Bitcoin, with fewer declines and quicker rebounds, suggesting it may be ready to rise! It was mentioned yesterday that many whales, institutions, and large holders are accumulating ETH, and I believe we will soon see some results!

Returning to the trend analysis: On a smaller timeframe, we can see that although there was a slight drop during the night, it quickly rebounded again, testing the 3430 resistance level once more. After multiple tests, a breakout is imminent; once it breaks through, Ethereum will welcome a strong bullish trend, while altcoins will begin to take off!

Key Focus: The important point to watch is whether the 3430 resistance can be broken and held. If so, you can try a small position; if the breakout is successful, we can look at a short-term target around 3560!