ETH Trend Analysis: Support and Resistance Level Analysis Across Multiple Timeframes

The current ETH price is 2,796.82 USDT, and the market shows a certain upward momentum. By analyzing the support and resistance levels across multiple time frames, we can gain a clearer understanding of the short to medium-term market trend for ETH.

Support and resistance level analysis

15-minute chart: support: 2,760.00 USDT (pullback low). resistance level: 2,805.00 USDT (recent peak in the rise). The current ETH price is close to the short-term resistance range, and it is important to watch for a breakthrough of 2,805.00 USDT; if it breaks through, it may rise further.

1-hour chart: Support: 2,750.00 USDT (short-term support area). Resistance level: 2,820.00 USDT (resistance point in the upward trend). The 1-hour chart shows that ETH has received multiple confirmations at the support level. If it breaks through the resistance level of 2,820.00 USDT, it may continue to look towards 2,850.00 USDT.

4-hour chart: Support level: 2,730.00 USDT (previous rebound point). Resistance level: 2,850.00 USDT (strong resistance area). On the 4-hour chart, the current price of ETH is still fluctuating near the support level, and a breakout above 2,850.00 USDT is expected to reach a high of 3,000.00 USDT.

Personal insights
ETH has experienced significant price fluctuations recently, but the multiple confirmations of the support level indicate that the market's bullish sentiment remains strong. From the 15-minute and 1-hour charts, the price shows potential for an upward breakout. After breaking the resistance level of 2,805.00 USDT, ETH may welcome new upward space, with targets set at 2,850.00 USDT and 3,000.00 USDT.

Analysis of chart indicators

Moving Average (MA): The blue long-term moving average has formed effective support below the current price, while the red short-term moving average provides upward guidance for prices. The current short-term moving average is gradually crossing above the long-term moving average, indicating that the short-term trend may continue to strengthen.

Key signal lights: The green signal light in the chart lights up near the key support level, indicating a buying opportunity; the red signal light appears at the resistance level, signaling possible selling or reversal risk.

Interactive Prompt
If you want to know more about the real-time indicators and trading strategies for ETH or other cryptocurrencies, feel free to like, comment, and follow the homepage to receive the latest technical analysis and signals. #ETH#