An attempt to break above after a high-level consolidation
Structural sequence:
Initiated rally around 1990
Sideways consolidation around 2125
Consolidation period is sufficiently long (chips fully exchanged)
The current price breaks above the consolidation upper boundary, reaching around 2137
Key changes:
High points are starting to rise again The upper boundary of the sideways zone has been tested The bulls are attempting to regain control of the momentum
But note:
The current position has entered a short-term resistance zone, not a safe zone for chasing longs.
Support and Resistance Levels (currently critical) Support Levels
2110 — 2095 (breakback retest level)
2070 — 2060 (structural support)
2040 (weakness confirmation level)
Resistance Levels
2135 — 2150 (current pressure)
2180 (target after breakout)
2200 (strong resistance)
Summary in one sentence
2125 has been broken, but there is obvious resistance above 2135. Watch for a retest for confirmation before deciding whether to accelerate. #当前行情抄底还是观望? $ETH #
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Overall Structural Analysis
The current ETH 1H structure is:
An attempt to break above after a high-level consolidation
Structural sequence:
Initiated rally around 1990
Sideways consolidation around 2125
Consolidation period is sufficiently long (chips fully exchanged)
The current price breaks above the consolidation upper boundary, reaching around 2137
Key changes:
High points are starting to rise again
The upper boundary of the sideways zone has been tested
The bulls are attempting to regain control of the momentum
But note:
The current position has entered a short-term resistance zone, not a safe zone for chasing longs.
Support and Resistance Levels (currently critical)
Support Levels
2110 — 2095 (breakback retest level)
2070 — 2060 (structural support)
2040 (weakness confirmation level)
Resistance Levels
2135 — 2150 (current pressure)
2180 (target after breakout)
2200 (strong resistance)
Summary in one sentence
2125 has been broken, but there is obvious resistance above 2135. Watch for a retest for confirmation before deciding whether to accelerate. #当前行情抄底还是观望? $ETH #