#ETH

ETH Market Analysis

Ethereum is also being observed from a smaller timeframe. Its recent performance is slightly stronger than Bitcoin, with less decline and quicker rebounds, suggesting it is about to rise! It was mentioned yesterday that many whales, institutions, and large holders are hoarding ETH, and we believe it will soon show results!

Returning to trend analysis: From a smaller timeframe, we can see that although there was a slight drop during the night, it quickly rebounded again, testing the resistance line in the 3430 range once more. Multiple tests indicate that a breakout is imminent. Once it breaks through, Ethereum will welcome a strong upward trend, while strong altcoins will begin to take off!

Focus points: The key point to watch is whether the 3430 resistance can be broken and held. It might be worth trying a small position; if the breakout is successful, the upper range could be seen around 3560!