Analysis of Key Price Trends for $ETH
Current Technical Form: Breakthrough of Ascending Triangle Approaching
According to AMBCrypto's technical analysis, the four-hour chart of Ethereum (ETH) is at the end of an ascending triangle, with the price fluctuation range gradually narrowing and about to face a directional choice.
Key Price Levels:
- Support Level Below: $1,690 (If broken, it may trigger a drop of over 7%)
- Resistance Level Above: $1,840 (A breakthrough may lead to a new round of increase)
Trend Judgment:
1. Bearish Scenario:
- If the price breaks below the lower edge of the ascending triangle, it may quickly fall back to the $1,690 support area.
2. Bullish Scenario:
- If the price breaks above the $1,840 neckline and stabilizes, it confirms the continuation of the upward trend and may welcome a significant rise.
Technical Indicators Confirmation:
- Currently, ETH is still operating steadily above the 200 EMA moving average on the four-hour chart, and the overall trend has not turned bearish.
- However, if it loses support at this moving average, the risk of short-term adjustment will increase.
Operational Suggestions:
- Conservative Strategy: Wait for an effective breakthrough of $1,840 or test the $1,690 support before deciding to enter the market.
- Risk Reminder: Volatility increases at the end of the triangle, suggesting that changes in trading volume should be used to assess the validity of the breakout.
> Key Reminder: Currently at a critical period of form decision, it is advisable to closely monitor the breakout direction of the $1,840-$1,690 range and manage positions accordingly.
Haitang continues to pay attention to market trends and will enter the market at suitable positions whenever possible. If you want to know the price points in real-time, please contact