Ethereum (ETH) has recently shown a rebound trend, but it is still in an uncertain position. The market has yet to confirm whether a true reversal has occurred.



Currently, the ETH price is facing significant resistance around the $3520 level, which is also a key structural point for the bullish-bearish conversion on the daily chart. If it cannot effectively break through this level, it may face the risk of a rebound.

From the support level, investors should pay attention to $3486. If this level is broken, the next key support levels are at $3410 and $3370.

In the case of an upward breakout, the important resistance levels are between 3515-3520 USD, 3550 USD, and 3578-3591 USD.

In the short term, the 9-hour chart shows that $3516 is an important resistance level. The 15-minute chart has shown a top divergence signal, which may indicate the depth of a pullback. If the price breaks below the current level, it may continue to decline.

It is worth noting that if the price breaks below $3350, the next support level will be at $3330, followed by the range of $3285-$3295, and finally the range of $3150-$3100.

Although there is still uncertainty in market trends in the short term, investors should closely monitor these key price levels to make more informed trading decisions. At the same time, attention should also be paid to the overall market environment and other factors that may affect ETH prices.
ETH1.7%
View Original
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
  • 8
  • Share
Comment
0/400
ChainWatchervip
· 1h ago
When can we stand at the 3.5 mark?
View OriginalReply0
HalfPositionRunnervip
· 08-04 09:34
Is it better to short at 3500 or buy the dip? I'm feeling a bit uncertain.
View OriginalReply0
GasWastervip
· 08-04 00:51
At this resistance level, long positions continue to squeeze.
View OriginalReply0
degenonymousvip
· 08-04 00:42
Looking at the market like this makes me dizzy, might as well go all in.
View OriginalReply0
BrokenDAOvip
· 08-04 00:42
It's time to Be Played for Suckers again, the game has just begun.
View OriginalReply0
BlockchainTalkervip
· 08-04 00:32
actually, this resistance level is the key rn... looking pretty tough ngl
Reply0
NftCollectorsvip
· 08-04 00:25
One can vaguely see the artistic projection of the Fibonacci spiral on the ETH price curve, and this adjustment completely aligns with the golden ratio.
View OriginalReply0
LostBetweenChainsvip
· 08-04 00:24
bearish traders are drawing lines again, what's up?
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)