$ETH As mentioned earlier, ETH has entered a consolidation phase on the daily K-line chart, so the pullback will likely be longer than before.
ETH has now reached the support level from the August 11th rebound. A small rebound is expected in the next few days, but no reversal is expected. It will fall directly to the 4-hour moving average support level, which is also where ETH is expected to fill its gap (4026 to 4092). A $65 stop-loss can be placed at this point. The longer the sideways movement, the higher the rebound point.
The last time ETH reached 4-hour support was on August 3rd, when the rebound point was 3354. Two weeks have passed since then. Strong players remain strong. A further break of the 4-hour EMA remains valid. A conservative estimate is a 4-point rebound.
