Structural Analysis (Market Structure)Weekly Context: The graph shows that ETH is undergoing a complex Deep Correction ( deep correction ). The current descending channel (Wedge/Channel with red lines) shows that the bearish momentum is still there. Major Higher Low ( Major Higher Low ): Your target price of 2150 is at the level marked by the dotted line on the far right of the chart, which is not only a psychological threshold, but also a support zone ( near the starting point of the previous large swing ). Measured Move ( isometric ): From a PA perspective, if the current decline is a "two-leg pullback (ABC)", then the 2100-2200 range is exactly the 1:1 mirror position of the first leg of the downward depth.
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.
Can ETH ~ reach around 2150?
Structural Analysis (Market Structure)Weekly Context: The graph shows that ETH is undergoing a complex Deep Correction ( deep correction ). The current descending channel (Wedge/Channel with red lines) shows that the bearish momentum is still there.
Major Higher Low ( Major Higher Low ): Your target price of 2150 is at the level marked by the dotted line on the far right of the chart, which is not only a psychological threshold, but also a support zone ( near the starting point of the previous large swing ).
Measured Move ( isometric ): From a PA perspective, if the current decline is a "two-leg pullback (ABC)", then the 2100-2200 range is exactly the 1:1 mirror position of the first leg of the downward depth.