$ETH Key Drivers and Technical Outlook



• Core Catalysts: U.S. Treasury Secretary's stance of not intervening to support the market, combined with a simultaneous plunge in US stocks and precious metals, sharply reducing risk appetite, and intensified margin calls.

• Technical Patterns: Daily consecutive down candles, far from moving averages; 4H in a downward channel, RSI oversold but lacking volume support, indicating a continuation of decline rather than a reversal.

• Support/Resistance: Short-term support at $1700-1800, strong support at $1665 (a key platform for 2024); resistance at $1900, $2000, and $2150, with potential selling pressure on rebounds.
ETH1,16%
View Original
post-image
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
  • 2
  • Repost
  • Share
Comment
0/400
YaoQianshuAvip
· 3h ago
Very impressive, very impressive. May I ask about the courier? Soon, I will be laying a good hand. Please proceed quickly.
View OriginalReply0
YaoQianshuAvip
· 3h ago
2026 Go Go Go 👊
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)