ETH Daily Market Analysis
Daily Chart Analysis:
From the daily chart, ETH has made an initial raid on this year's high, forming a range—H zone. Currently, if ETH's price does not fall below the D1 level of 3505, the bullish expectation can still be maintained, and it can continue to move upwards. If it breaks the support at 3505, attention must be paid to the bullish OB test at 3100 below.
Further, ETH may continue to challenge the high point of the range at 4100. If the price stabilizes at this point, we can expect a push towards a new high of 4869. If the price oscillates and consolidates within this range, a pullback may occur.
Hourly Chart Analysis:
On the hourly chart, the current focus is on the H1 OB zone, which shows signs of accumulation. If the price falls below this point, caution is needed regarding the damage to the price structure, and close attention should be paid to the testing of the D1 OB below.
