ETH Market Key Point Analysis and Trend Judgment
Although the market has optimistic expectations for the ETH upgrade, the performance has been relatively weak, with the price quickly retreating after reaching the third resistance level predicted for the night.
Currently, attention should be focused on the 1816 support level:
If this level holds during a pullback, the bullish trend is likely to continue, with the upper resistance ranges at 1848, 1872, and 1903;
If it breaks below 1816, then the 1-hour level will enter a correction phase, with subsequent support levels at 1792, 1756, and 1730, allowing investors to flexibly adjust their trading strategies.
