飞龙财经
飞龙财经|Aug 10, 2026 09:20
After the weekend's narrow-range fluctuations in the market, ETH is quietly brewing a new storm. From the current chart, there are no technical signs of a downturn yet, and there might still be another wave of rebound. The market is sending out short-term positive signals. Looking at the 1-hour structure, a solid intraday support level has been established around 1905. Reviewing recent price action, ETH has repeatedly tested the 1950 level without breaking through, but both the 1-hour and 4-hour charts are steadily climbing. The current sideways consolidation feels more like building momentum for a rebound. This kind of repeated friction below a key resistance level often serves to digest earlier profit-taking. When the coiled spring of consolidation is compressed to its limit, the rebound can happen in an instant. For now, it's a sideways trend—patience is key to waiting for the rebound. Once the bulls complete their final gathering of strength, breaking through 1950 and setting a new high will be a natural progression. However, the overall trend remains bearish. On the daily chart, the Fibonacci 0.5–0.618 range, corresponding to prices between 1983–2097, represents the extreme resistance zone at the top. Be cautious of the final dip in Q4!
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