#ETH Breaks $4700#


Ethereum has reached a critical level today, surpassing $4,659.
In the last 24 hours, ETH has recorded an increase of over 8% with a strong buying wave, continuing into August with bullish momentum.
The highest level during the day was $4,674, and the lowest was $4,265.

Support & Resistance Levels
Resistances:
• $4,764 – The first level likely to be tested in the short term
• $4,910 – The next target if the rise gains momentum
• $5,196 – Long-term psychological threshold, if broken, potential for new ATH

Supports:
• $4,433 – Daily trend support
• $4,068 – Medium-term protection level
• $3,967 – Falling below this level may increase the risk of a decline

Technical View
• The RSI is currently at levels of 79, indicating that we are in the overbought zone.
• MACD is in the positive zone and generating a buy signal.
• The price is moving within an ascending triangle pattern; this structure typically acts as a continuation pattern.

Short-Term Scenarios
• Positive: If sustainability is achieved above $4,600, the range of $4,800 – $5,000 can be targeted in a short time.
• Negative: If it falls below $4,433, a correction to the $4,200 – $4,300 range may occur.
ETH1.42%
IN-2.29%
View Original
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
  • 3
  • Repost
  • Share
Comment
0/400
Ybaservip
· 08-14 07:24
Hold on tight, we are about to To da moon 🛫
Reply0
Atilssvip
· 08-13 14:03
Jump in 🚀
View OriginalReply0
SvetlanaLevichvip
· 08-13 12:06
I am waiting for 4300
View OriginalReply1
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)