Midday Ether shows weak fluctuations waiting for stabilization:



In the afternoon, Ether experienced narrow fluctuations, hovering around the short-term moving averages, underperforming compared to Bitcoin. The downward channel on the 4-hour chart remains unbroken, with prices temporarily supported at the lower boundary of the channel. However, the rebound is weak, and trading volume is low, indicating continued bearish pressure.

The previous low point has formed short-term support. If the midday session fails to recover the short-term moving average, the support may face a second test; if the trading volume warms up and stands above the moving average, it is expected to alleviate the downward pressure!

Ether: 3860 3830 long target 4020!
ETH1.99%
BTC1.23%
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