Ether's short-term trend is weaker than BTC. On the 2-hour chart, a "Evening Star" bearish pattern has appeared, with consecutive long upper shadows and large real bearish lines, indicating that the selling pressure above is extremely strong. Its core support is around 4390, which overlaps multiple support levels. Once it falls below this, it is highly likely to dip to 4100 afterwards.
Specific operational recommendations Ether suggests placing long positions around 4370-4410, with an initial target of 4550-4600.
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.
Ether's short-term trend is weaker than BTC. On the 2-hour chart, a "Evening Star" bearish pattern has appeared, with consecutive long upper shadows and large real bearish lines, indicating that the selling pressure above is extremely strong. Its core support is around 4390, which overlaps multiple support levels. Once it falls below this, it is highly likely to dip to 4100 afterwards.
Specific operational recommendations
Ether suggests placing long positions around 4370-4410, with an initial target of 4550-4600.