eth

The daily chart shows a doji candlestick pattern, and the trading volume has remained normal, without significant changes.

Ethereum has been in a narrow range for 8 days now. When prices remain high for too long, they tend to drop; however, when prices are low, the longer they consolidate, the stronger the potential rise. Ethereum is waiting for a breakout point, which could be triggered by news or technical factors.

The hourly chart will continue to follow Bitcoin, with relatively small fluctuations.

The pressure from the EMA52 line on the daily chart will decrease as the price consolidates. The views remain the same as yesterday regarding the two potential scenarios for Ethereum's upcoming movements:

1. A strong bullish candle breaks through the 1890 level, directly reaching the 2000-2120 range before a pullback.

2. Continuing to meander along with Bitcoin, experiencing a wave of daily chart fluctuations downward, returning to the 1600-1680 area for a double bottom before rising again.

How it will unfold remains to be seen; we will observe as we go without guessing. Whatever happens will happen, but regardless of the short-term movements, the confirmed upward trend of Bitcoin on the weekly chart indicates that Ethereum will also experience a solid upward performance.

Daily chart resistance levels are 1890-2120-2310, with support levels at 1740-1688-1540-1460.