Regarding the future trend of ETH, I have analyzed it using candlestick theory, wave theory, and Fibonacci sequence.



The core point is clear: the triangular consolidation in the purple channel has reached its end, with the corresponding support level at the blue line at 2959. Currently, the price is likely to face a correction, but the key is that the correction must hold above 2959; otherwise, the logic will have to be re-evaluated from scratch.

What will happen next? I see two possible paths:

One is that after breaking through the yellow resistance line at 3191, the price will continue to fluctuate within a larger range, which may take quite some time. The second is that the rapid movement through the yellow segment will quickly complete, directly breaking above 3564.

Regardless of the pace, the ultimate target points to the same place—3564 must be broken. This has been my consistent judgment, and the technical analysis supports this logic.
ETH-0,39%
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OnChainSleuthvip
· 15h ago
Is this 2959 line really that solid? What if it breaks?
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BearMarketSurvivorvip
· 15h ago
2959 won't break, 3564 is still early, just wait patiently.
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MoonWaterDropletsvip
· 15h ago
If you can't hold on to 2959, don't look at it, just stud 3564
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MetaverseMigrantvip
· 15h ago
2959 if not broken, what to do, wait a bit longer?
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