#Gate.io 12周年 4. Evening market overview: ETH is a bit strong today #ETH

ETH is forming an ascending triangle, with 1684.37 being the current major resistance. It has been repeatedly touched and resisted, while also consuming the liquidity above. Perhaps by midnight, it will make a strong push to break through the resistance and reach 1759.
A breakout above 1684.37 on the right side stabilizes or a breakout followed by a pullback that does not break allows for long positions to enter, with a stop loss at 1641 and targets at 1759 and 1799.46; on the left side, short positions can be placed at 1759 with additional buying at 1799.46, with a stop loss still at 1820 and targets at 1684 and the trend line support below 1582.
Entering on the left side has high risks with significant profits, while making breakout trades on the right side is safer with considerable profits. The key lies in how well you can grasp it.
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