8.11 Ether second test of the peak, weekly divergence evening trend analysis

Over the weekend, Ether continued to maintain fluctuations, sustaining an upward structure, keeping the situation of new highs and pullbacks. After breaking through 4100, the entire weekly chart showed a double divergence. Looking back at history, there is also a high point of 4380 from May 12, 2021, and this rebound has started a pullback near 4330, with a pullback range close to 180 points, which is not large and has not broken below the key support level of 4144 established by the previous low. However, there are already signs of breaking below the rising channel in terms of the pattern.

During the day, there was a pullback. We have been maintaining a defense and positioning upwards from 4144. Currently, with the rebound, we can consider this as a double top formation. If a peak can be completed below 4380, then the rebound will fall within the 4280-4310 range. A pullback can only be established after breaking below 4144. Therefore, we can oscillate between the 4144-4330 range now and wait for a directional breakout.

Currently, we can consider the rebound to go down from the 4280-4310 position, defending above 4330 or 4380, to capture the entire medium-term pullback structure.

Disclaimer: The above analysis content only represents the author's personal views and does not constitute specific operational advice. Trading based on it is at your own risk, and investment carries risks; proceed with caution when entering the market.

ETH3.57%
View Original
Last edited on 2025-08-10 16:26:13
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
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)