$ETH Today and tomorrow are Gann's turning points. I mentioned during last night's livestream that the probability of a turning point upwards today is high. I initially thought the altcoin would hit a low again, but it didn't drop. Currently, a double bottom has formed on the two-hour chart, and the probability of continuing upwards is quite significant. First, let's look at the bearish bat pattern aiming for the range around 4610-4650. Today's support is around 4480/4400, with resistance above: 4615/4680. From the daily chart perspective, the altcoin's trend isn't complete. Although the daily chart shows a decrease in volume and distribution signals, if it hits a new high without increased volume, it will indicate a price-volume divergence. Therefore, the current conclusion is that the altcoin still has a chance to break through 4788 and reach around 4800. For mainstream and strong altcoins, the trend is still not complete, and there will be another wave of FOMO in the market. Pay attention to LTC/DOGE/UNI/SOL and other varieties.
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