Ethereum ETH/USDT Market Analysis: SNR Strategy Perspective
From this chart, Ethereum is currently at a critical SNR (Support and Resistance) decision point. This is not just about price fluctuations, but also a fierce battle between bulls and bears at multiple key defenses.
Resistance Area Above:
First, there is a complex resistance zone formed by the 4H BO (4-hour breakout) and the 4H HNS (4-hour head and shoulders top). The price has been repeatedly blocked near 4592.34 and 4694.13, creating strong supply pressure. Especially the potential 4H HNS pattern, whose neckline is at 4524.96. If th