Here's my Forecast for Ethereum on the 6-hour chart. After an incredible run, ETH is now consolidating in a tight range, and the chart is giving us some very clear levels to watch.
Here's my breakdown of the current situation:
The Bullish Case (Consolidation):
ETH is currently holding strong above the key support level at $4,677. As long as we remain above this line, this sideways action looks like healthy consolidation before the next leg up.
The overall structure is still a clear uptrend, defined by the ascending trendline providing support from below.
The Bearish Case (Potential Pullback):
The price is currently below the recent High near $4,950. A failure to break this level could signal exhaustion and lead to a pullback.
The first major support to watch on any significant dip is the 0.382 Fibonacci retracement level around $4,300. This would be a logical area for buyers to step back in.
Key Levels to Watch:
Resistance: The recent high around $4,950. A clean break and hold above this level signals the next major move higher.
Immediate Support: $4,677. This is the line in the sand for the current consolidation range.
Major Support: The 0.618 Fib level and structural support at $4,000. This is the critical level that bulls absolutely must defend to maintain the larger bullish trend.
My Outlook:
For now, I'm leaning bearish on the 6HR, bullish in the immediate short-term but remaining cautious. I'm watching for a decisive break of $4,950 as confirmation for new highs. If the immediate support at $4,677 fails, I'll be looking for a potential dip-buying opportunity at $4,300.
DISCLAIMER
I AM NOT A FINACIAL ADVISOR, NOR AM I YOURS. THIS IS NOT FINANCIAL ADVICE. MEARLY DOODLINGS ON A MATHMATICALLY DRIVEN GRAPHICAL INTERFACE, TRACKING AN INVISIBLE 256BIT MILITARY-GRADE ENCRYPTED ASSET. . . FOR ENTERTAINMENT/AMUSEMENT PUROSES ONLY. ENJOY!
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。