ETH Market Trends: Proceed with Caution and Seize the Key

Hey, everyone take a look at ETH, this 'Altcoin Leader' Ethereum has surprisingly led a group of followers into an independent market trend. Is this an attempt to lure in more investors while the overall trend is downward?

Here's a friendly reminder for everyone, do pay attention to Bitcoin's movements to avoid being trapped at a high position, becoming part of the 'guarding the peak' crowd.

As of now, the current four-hour level upward wave for Ethereum hasn't ended yet, which means it is still in a bullish market at the four-hour level.

However, there has been a correction at the one-hour and two-hour levels.

The upper pressure support level is at 3446.

If the one-hour level manages to close successfully above 3446, it would mean the one-hour correction has ended. From that closing point, a one-hour upward trend would commence, and the upper pressure levels to watch would be 3481 and 3550.

On the downside, it’s important to focus on the support level at 3410. If the four-hour level closes below 3410, then this four-hour upward wave would be declared over.

The four-hour level would then enter a correction phase, and at that time, the lower support levels to monitor would be 3350, 3280, and 3220.