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
Tron Inc averaged $0.3236 per token and increased its holdings by 154,494 TRX tokens.
BlockBeats•2026/04/26 08:34
If Bitcoin breaks $80,000, the mainstream CEX cumulative short liquidation pressure will reach $619 million.
BlockBeats•2026/04/26 07:11
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$78,091.7
+0.62%
Ethereum
ETH
$2,332.26
+0.54%
Tether USDt
USDT
$1
+0.01%
XRP
XRP
$1.43
-0.46%
BNB
BNB
$630.63
-1.16%
USDC
USDC
$0.9997
-0.01%
Solana
SOL
$86.58
-0.03%
TRON
TRX
$0.3236
+0.01%
Dogecoin
DOGE
$0.09843
-0.14%
Hyperliquid
HYPE
$41.22
+0.01%
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