Daily Market Analysis - ETH

ETH has been oscillating in the range of 3400 - 3000 for nearly a week now. Is it becoming hard for investors to endure?

1. Weekly Conditions

From a weekly perspective, it presents an upward structure. At this time, investors need to remain patient because once ETH enters an upward mode, its rising cycle is usually calculated on a weekly basis.

2. Daily Conditions

Looking at the daily chart, it is currently in a sideways adjustment phase, which is like gathering energy in preparation for a subsequent breakout direction, and the direction is about to become clear.

3. Hourly Conditions

As for the hourly chart, it has shown a downward trend, but this is actually laying the foundation for the first round of the weekly rise.

Overall Summary

ETH's ability to remain in a high range for a long time is itself a manifestation of strength.

There is no need for everyone to be overly anxious; the market will soon continue to develop upwards, as the duration of the oscillation has been sufficient.

We can directly set the next target at 3700, with even the possibility of breaking through the previous high point. If you want to delve deeper into the cryptocurrency space but can't find a clue and want to quickly understand the information gap, whether it's contracts or spot trading, you can 👉 learn more in my profile #英伟达财报即将公布 #AVAX、ROSE、ADA大额解锁