Honestly, Saturday's performance of the two coins was caught in a dilemma—unable to break higher nor fall lower, creating a frustrating trading range. Many friends asked me for my view, and I have to give my thoughts despite the difficulty.
From an hourly perspective, Ethereum is nested within a small box inside a larger range. The current trend depends on how this small box is broken. To break upward, the top of the small box must be taken out first, then there's a chance to push toward the midline of the larger range. Going higher, the next hurdles are @3386@ and the previous high points. Conversely, if the small box is broken downward, the next support is @3217@. If that level also fails to hold, the decline could be quite sharp. My judgment is that in the next one or two days, the market will likely consolidate within the range of 3220 to 3266. Don't overcomplicate it.
Trading suggestions: - If there is clear volume pushing above 3320, consider going long on the right side - If the level @3282@ is broken with increased volume, it’s a good opportunity to go short - Regardless of the direction, keep a close eye on volume changes, and set stop-loss orders properly - If the hourly chart stabilizes above 3320, target the region of 3345 to 3386 - If the 4-hour chart breaks below 3275, the next key levels are 3229 to 3188
Big picture: On the daily chart, the most critical thing in the next two days is to ensure the closing price does not break below 3250. As long as it holds, everything remains under control. Even if it drops below 3250, as long as it doesn't break the white arrowed bullish candle, it's not a big problem. Once that bullish candle is broken, the market will have to return to its starting point from where it rose. That’s all.
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ContractExplorer
· 3h ago
The consolidation box is back. This time, keep a close eye on the 3220-3266 range. Volume is the real boss.
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DegenTherapist
· 3h ago
3220 to 3266, just grind it out, I'm also speechless.
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ZenZKPlayer
· 3h ago
The box-in-box nesting is a bit annoying. These days, I'm just watching to see if 3250 can hold. If it does, there's still hope.
#美国核心物价涨幅不及市场预估 $ETH Weekend Market Review
Honestly, Saturday's performance of the two coins was caught in a dilemma—unable to break higher nor fall lower, creating a frustrating trading range. Many friends asked me for my view, and I have to give my thoughts despite the difficulty.
From an hourly perspective, Ethereum is nested within a small box inside a larger range. The current trend depends on how this small box is broken. To break upward, the top of the small box must be taken out first, then there's a chance to push toward the midline of the larger range. Going higher, the next hurdles are @3386@ and the previous high points. Conversely, if the small box is broken downward, the next support is @3217@. If that level also fails to hold, the decline could be quite sharp. My judgment is that in the next one or two days, the market will likely consolidate within the range of 3220 to 3266. Don't overcomplicate it.
Trading suggestions:
- If there is clear volume pushing above 3320, consider going long on the right side
- If the level @3282@ is broken with increased volume, it’s a good opportunity to go short
- Regardless of the direction, keep a close eye on volume changes, and set stop-loss orders properly
- If the hourly chart stabilizes above 3320, target the region of 3345 to 3386
- If the 4-hour chart breaks below 3275, the next key levels are 3229 to 3188
Big picture: On the daily chart, the most critical thing in the next two days is to ensure the closing price does not break below 3250. As long as it holds, everything remains under control. Even if it drops below 3250, as long as it doesn't break the white arrowed bullish candle, it's not a big problem. Once that bullish candle is broken, the market will have to return to its starting point from where it rose. That’s all.
$ETH