The price performance of Ethereum (ETH) has recently shown signs of weakness, once again reaching a critical decision point. Compared to Bitcoin, the trend of ETH presents a more regular pattern, with a fall occurring each time it touches the 5-minute level channel.



Currently, the market's focus is on the key price range of $4440-$4450. Investors and analysts are closely watching to determine whether ETH will continue to face pressure at this level and fall back to the support level, or if it has the potential to break through this resistance level and change the current trend direction.

A breakout or pullback in this price range may determine the short-term trend direction of ETH. If it can break through 4450 dollars, it may indicate a strengthening of bullish sentiment; conversely, if the price encounters resistance and pulls back in this range, it may further consolidate the current downtrend.

In this uncertain market environment, investors need to remain vigilant, closely monitoring price trends and changes in trading volume to adjust their investment strategies in a timely manner. Regardless of which direction the market ultimately chooses, it will provide important clues for Ethereum's short-term trend.
ETH2.21%
BTC-0.17%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
PoetryOnChainvip
· 12h ago
4450 is bullish!
View OriginalReply0
ShibaOnTheRunvip
· 12h ago
The pattern has shrunk, bearish at ten thousand.
View OriginalReply0
ProbablyNothingvip
· 12h ago
Another day of brick-moving diary.
View OriginalReply0
RiddleMastervip
· 12h ago
This wave is a bit panicky.
View OriginalReply0
ImaginaryWhalevip
· 12h ago
As long as it can rise, don't be annoying.
View OriginalReply0
RegenRestorervip
· 12h ago
Anyway, always horizontal, who's afraid of whom.
View OriginalReply0
CodeSmellHuntervip
· 12h ago
Those who are bullish are all ready to buy the dip, right?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)