ETH Key Resistance Approaching: $2,059 May Become the Bull-Bear Watershed
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Chip data shows that the current ETH price is approaching the strong resistance zone at $2059, where trading volume is concentrated and the buy ratio reaches 1.23, indicating significant selling pressure. Combined with member indicators, the J value has entered the extremely overbought range, and together with the K-line top fractal pattern, this suggests an increased risk of a short-term pullback. If the price fails to effectively break through $2059, it may retest the support at $2047. Both the EMA24 and EMA52 moving averages are in a bearish alignment, further confirming that the downward trend remains unchanged. Trading volume has shrunk to 48% of the recent average, indicating insufficient market momentum, and a rebound will require stronger buying support. Unlock member indicators to accurately capture resistance breakouts and pullback signals, and seize the initiative! Data sourced from PRO members [ETH/USDT, a certain exchange, 4-hour] K-line, for reference only and does not constitute any investment advice.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia (NVDA.US) further strengthens AI infrastructure by investing $2 billion in Brookfield (BAM.US) Global AI Fund, which aims to raise $10 billion.
Nvidia has invested $2 billion in the Global Artificial Intelligence Infrastructure Fund under Brookfield Asset Management.
智通财经•2026/09/17 22:26
LCNB Chief Wealth Officer Michael Miller to Retire
MT newswire•2026/09/17 21:53
Loop Industries to Evaluate Alternatives, India Joint Venture Financing
MT newswire•2026/09/17 21:28
