#ETH

ETH market analysis (4H)

Continuing from the previous ETH analysis: Yesterday I briefly talked about the current trend of Ethereum and gave the short-term support points, but it did not fall and hit the support and then began to rebound. Similar to Bitcoin, it was also suppressed at the high point of the previous rebound.

From the perspective of the trend alone, Ethereum here is likely to continue to explode and rise. The position of 0.382 times of this wave of retracement has stabilized. Combined with the previous trend, the low point rises and presents a triangular trend channel. It is currently in the final stage, waiting for a wave of accelerated breakthroughs, with a high probability of an upward structure! Pay attention to the support reaction near the short-term support of 3440, and pay attention to the position of 3720 above!