ETH directly started to rally in the afternoon, breaking through the small resistance at 2585, with a maximum impact on the 2620 daily MA10 moving average. First, we need to see if it can stabilize above 2612 on the hourly chart before looking at 2650;
Currently, it has started to consolidate at a high level, mainly watching whether it can stabilize above 2612 on the hourly level. If it stabilizes, it may push to 2650. The daily close will look at the 2630 MA200 moving average. Combining the hourly, 4-hour, and daily trends, the probability of a downward 3-wave on the daily chart indicates that it may still turn bearish;
The hourly and 4-hour levels have seen a small 3-wave rebound from a 2-wave, and it is still in the 3-wave rebound. Observe the 4-hour close to assess the height. Looking at the 4-hour middle and upper bands, all are pressing down, indicating a high probability of retracing, at least back to the 2575 4-hour MA200 for further consolidation, with resistance seen in the 2630-2660 range;
Weekly: ETH has been consolidating above the MA200 moving average at 2450 on the weekly chart, with a high probability of breaking upwards. The 5-day line's retracement wave has also passed. If combined with the daily chart, if it continues to decline in a 3-wave, it would break the previous low of 2433, then perfectly support above 2379. Pay attention to this position;
The weekly chart likely will spike down and then close above 2450. In terms of timing, will there be a lower spike after the interest rate meeting on the 19th-20th? The daily chart should stabilize above 2630 before looking for a possible reversal;
