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.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Japanese Yen: Carry unwind supports gains against US Dollar - ING
FXStreet•2026/09/08 11:24
Morning News Call - Canada, September 8
Reuters•2026/09/08 11:24
Orix to Acquire Taihei Trading
MT newswire•2026/09/08 11:23
Aurania starts drilling program at Thor’s Valley gold project in Iceland
Reuters•2026/09/08 11:22
Crypto prices
MoreBitcoin
BTC
$78,445.81
-1.26%
Ethereum
ETH
$2,474.31
-0.74%
Tether USDt
USDT
$0.9997
-0.01%
BNB
BNB
$753.34
+1.26%
XRP
XRP
$1.39
-0.41%
USDC
USDC
$1.0000
+0.01%
Solana
SOL
$102.94
-1.88%
TRON
TRX
$0.3381
+0.43%
Hyperliquid
HYPE
$83.56
-4.97%
Zcash
ZEC
$1,156.86
-3.44%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now