The previous updates consistently emphasized that Ethereum's support level around 1900 was reflected at 1930, while the resistance level was around 2010. Although the strong support bottom on the 15-minute chart is rising, I still believe that a break below the support level will occur, so I gave a false breakout at 2038 that was quickly suppressed. Ultimately, yesterday, the price broke below the previous 15-minute low, reaching 1928. From a structural perspective, the 15-minute level is considered a broken structure.
Ideally, as I predicted, the support will continue to break downward, giving you an opportunity to go long.
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.
The previous updates consistently emphasized that Ethereum's support level around 1900 was reflected at 1930, while the resistance level was around 2010. Although the strong support bottom on the 15-minute chart is rising, I still believe that a break below the support level will occur, so I gave a false breakout at 2038 that was quickly suppressed. Ultimately, yesterday, the price broke below the previous 15-minute low, reaching 1928. From a structural perspective, the 15-minute level is considered a broken structure.
Ideally, as I predicted, the support will continue to break downward, giving you an opportunity to go long.