Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#美国核心物价涨幅不及市场预估 $ETH Evening Technical Analysis:
The battle for the key support level 3320 on the Ethereum hourly chart has fully begun. Honestly, this price point is very critical—either it repeatedly tests and fluctuates around here (range-bound movement), or it breaks through decisively upward. Let me use a metaphor: like breaking through a realm in a cultivation novel, the protagonist hits a bottleneck, stuck at a certain stage for a long time, then suddenly gains enlightenment and ascends directly, jumping from a lower level to a higher one. Ethereum's movement is quite similar—3320 either consolidates for a long time or breaks out with an accelerated rally.
**What happens if it breaks through 3320?**
Look directly towards 3358; if it stabilizes here, continue upward breakthrough to 3380, then rush towards the previous high. This rhythm is basically a straight line upward.
**What if it fails to break through?**
Then it will continue to oscillate within the flag pattern, but the bottom support line (the lower edge of the flag) must not break. If it breaks, and the low point marked by the white arrow also breaks, then 3219 will step in to absorb the sell-off.
**Trading idea is very clear:**
For long positions, wait until it breaks through 3320, then chase on the right side, with targets sequentially at 3358 → 3380 → previous high, and set stop-loss at the flag pattern breakdown level. After the hourly chart stabilizes above 3320, consider going long.
The 4-hour chart situation is slightly more complex. It currently shows an arc bottom combined with a cup and handle pattern, which in itself is a bullish flag pattern. Breaking this bullish flag pattern would allow Ethereum to take off; if it fails, it will continue to wobble there. If the 4-hour chart breaks downward, look first at 3230, then at 3185.
Summary: The key level on the hourly chart is 3320, and on the 4-hour chart, keep an eye on the support at 3273.
$ETH