Since mid-September, Ethereum (ETH) has shown a stepped rising channel pattern on the daily chart. Currently, the ETH price is in the key range of $4,550 to $4,580, which is not only the upper band support level of the channel but also an important support conversion area after the previous breakout.



From the technical perspective of the 4-hour chart, although there has not yet been a clear top divergence signal, investors still need to remain vigilant. If, during the price rise, the Relative Strength Index (RSI) fails to reach a new high in sync, this may indicate a possible pullback in the short term.

For trading strategies, it is recommended to consider entering the market in the range of 4,560-4,580 USD, with the initial upward target focusing on 4,650 USD, and further looking towards 4,800 USD. However, investors should closely monitor market movements and adjust their strategies in a timely manner to respond to potential fluctuations.

It is worth noting that recent market expectations regarding the Federal Reserve possibly restarting its rate-cutting cycle are also affecting the trends in the cryptocurrency market. Investors need to weigh the potential impact of macroeconomic factors on the price of ETH and remain cautious and rational when making investment decisions.
ETH-0.39%
View Original
post-image
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
  • 7
  • Repost
  • Share
Comment
0/400
OnlyUpOnlyvip
· 1h ago
4800 is not a dream.
View OriginalReply0
DeFiCaffeinatorvip
· 1h ago
If you don't understand, just go all in~
View OriginalReply0
AirdropHunterXiaovip
· 1h ago
The harvest is tonight, right?
View OriginalReply0
CryptoSurvivorvip
· 1h ago
What signal or no signal, just do it.
View OriginalReply0
TokenomicsTrappervip
· 1h ago
ngmi... classic distribution pattern forming at 4.5k
Reply0
ForkPrincevip
· 2h ago
Buy early, enjoy early, okay?
View OriginalReply0
FOMOmonstervip
· 2h ago
Rit Bull is just a bull~
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)