Ethereum (ETH) has recently performed strongly, rapidly climbing to around $4200 after breaking through the key resistance level of $3800. This rise has attracted the close attention of market participants regarding its subsequent direction.



Analysis shows that ETH may not experience a deep pullback. The next potential retracement level may appear near the important psychological threshold of $4000. Another possible scenario is that ETH will oscillate within the range of $4100 to $4200, accumulating momentum for the next rise.

It is worth noting that after breaking through from $3,800 to $4,200, ETH has achieved an increase of about double the range of the breakout. For investors seeking entry opportunities, the range of $3,800 to $3,900 may be an ideal buying position, as this area is close to the breakout point, and the risk-reward ratio is relatively favorable.

However, investors should bear in mind that the cryptocurrency market is highly volatile, and price trends are influenced by various factors. In addition to technical analysis, it is essential to pay attention to the macroeconomic environment, regulatory trends, and the development of the industry. When making investment decisions, it is crucial to conduct comprehensive research and risk assessment.
ETH1.79%
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
  • 4
  • Repost
  • Share
Comment
0/400
UnluckyValidatorvip
· 08-11 00:43
The tragedy of trading cryptocurrency while at work.
View OriginalReply0
WenMoonvip
· 08-09 17:51
The bull run has arrived, breaking through four thousand.
View OriginalReply0
P2ENotWorkingvip
· 08-09 17:48
Oh, just flying all the way.
View OriginalReply0
GasFeeNightmarevip
· 08-09 17:48
It's really hard to run like this.
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)