ETH Evening Trading Strategy Analysis
The ETH hourly chart has broken through the triangle consolidation area, standing firm at the upper boundary of 2933 without falling back, and will target the high points marked by the left yellow arrows at 2998 and 3031.
Key premise: It is necessary to break through the right yellow arrow shooting star line, otherwise it will be difficult to rise. If it falls back into the triangle, it will test the support at 2885, and if it fails, it will test the lower boundary.
A W bottom has appeared within the triangle, and the hourly chart stabilizing at 2965 confirms the pattern. Subsequent upward movements need to follow the resistance levels.
🍉 Core signals:
A breakout with volume above 2954 allows for right-side buying, and a breakdown with volume below 2924 allows for short selling. Keep a close watch on volume and set stop-losses.
If the hourly chart stabilizes above 2965, look for 2995-3031; if the 4-hour chart breaks below 2915, look for 2874-2807.
🍉 Fibonacci reference:
The hourly chart 1:1 upward target is 2984 (the tip of the yellow arrow's long candlestick). Breaking this level is expected to target 1.618; if it fails to break, the hourly chart will correct, focusing on the 61.8% and 50% support levels.
Negative news has landed, and the trend is likely to rise. Strategy completed. #加密市场观察 #ETH走势分析 #隐私币生态普涨 $BTC
