From the 6-hour perspective, Ethereum has entered a trend of three breakthroughs and four breaks. If it successfully breaks through the 6-hour 250-day moving average for the fourth time and stabilizes, it will be regarded as a medium to long-term bullish signal, with a short-term target around the 2100 level. The support below is at the 6-hour 30-day moving average. It can be observed that the price has been operating within this triangular range for four consecutive days. As the price gradually approaches the intersection of the two lines, a change in trend is imminent. If there is a significant drop below 1800, the three breakthroughs and four breaks trend will fail, and a short-term decline will continue. Now it is time to choose a direction and act according to the trend. This is only a technical analysis and cannot predict whether the main force will have a spike or perform a false short operation.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.