The largest subcoin Ethereum (ETH) 
$4,326.94Tested the support zone in $ 4,200 while trying to preserve the rising channel structure on the price chart. The price is consolidated around the middle line of the channel, while the indicators offer a neutral image. The next trading sessions will determine whether Ethereum can maintain this level.
The prominent support level in the daily graph: 4,200 dollars
In the daily graph offered by Analyst Shayan, Ethereum rising channel It stands out that he moves inside. After the withdrawal at the upper limit of the channel, the price was withdrawn to 4,200 dollars support. This level is at the same point as both the daily command block and the middle line of the channel.
After the recent dizzying price mobility Relative power index (RSI) fell to 52 level. A break price of less than $ 4,200 may lead to the request zone of $ 3,800. In the upward direction, the recovery of $ 4,600 is an important threshold for new summits.
For this reason, the daily graph shows that $ 4,200 is a critical defense level, and that 4,600 dollars stand out as key resistance for rise.
Short -term graphics signal signal
Again in the four -hour price graph shared by Shayan, Ethereum broke the rising trend line down, but it is seen that it maintains mid -channel support. The price is currently traded between $ 4,600 resistance with the support of $ 4,200. Refunds from $ 4,600 reflect a strong supply pressure.
If the price that moves in this range will break the 4,200 dollar threshold in the direction, the decline may gain strength. On the contrary, the defense of the recipients may bring the price to re -test the resistance zone. The passing of the resistance will lead to a new wave of ascension of $ 5,000 or more.
Blockchain in futures markets funding rate positive. This means that long positions dominate. However, the fact that the funding rate remains at a lower level compared to the past periods reveals that the rise appetite is limited compared to previous cycles.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
