🔥 ETH short-term pump encounters triple resistance! After a daily surge, it falls into a critical battle, with a clear division between bulls and bears.
Currently, ETH has rebounded all the way, but has precisely reached three major resistance points - the upper trend line of the downtrend + the previous high forming a double resistance, combined with the 120-hour moving average pressure at the 2886 level, indicating that short-term upward momentum is clearly under pressure. More critically, the downtrend on the 1-hour level has not yet been reversed, and the technical aspect still hides the risk of a pullback, with the 2800 whole number level becoming an important support line in the short term.
However, the turning point is at hand: if it can strongly break through 2880 and stabilize, it will unlock three layers of resistance at once, the market's FOMO sentiment may be ignited, and long buy orders are expected to concentrate, opening up further upward space. On the contrary, if the resistance level is not broken, it is highly likely that short-term profit-taking will occur, and the price may fall back to test the support at 2800.
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🔥 ETH short-term pump encounters triple resistance! After a daily surge, it falls into a critical battle, with a clear division between bulls and bears.
Currently, ETH has rebounded all the way, but has precisely reached three major resistance points - the upper trend line of the downtrend + the previous high forming a double resistance, combined with the 120-hour moving average pressure at the 2886 level, indicating that short-term upward momentum is clearly under pressure. More critically, the downtrend on the 1-hour level has not yet been reversed, and the technical aspect still hides the risk of a pullback, with the 2800 whole number level becoming an important support line in the short term.
However, the turning point is at hand: if it can strongly break through 2880 and stabilize, it will unlock three layers of resistance at once, the market's FOMO sentiment may be ignited, and long buy orders are expected to concentrate, opening up further upward space.
On the contrary, if the resistance level is not broken, it is highly likely that short-term profit-taking will occur, and the price may fall back to test the support at 2800.