Regarding the potential top divergence phenomenon of Ethereum (ETH) on the 15-minute, 60-minute, and 240-minute time frames, we need to be cautious. The current market situation shows that the short-term swing trading is too dense, and its reference value is limited. At the same time, the concentration of trading volume is also a normal phenomenon before the formation of new highs.



From another perspective, the hourly support range is between $4720 and $4670. Only when the price falls below this support range can we confirm the formation of a top divergence. It is worth noting that if this occurs, it could likely evolve into a divergence on the 4-hour cycle.

As of now, the price of ETH is still around $4760. Investors should closely monitor the performance of the aforementioned support range as an important indicator for judging short-term trends. However, we must also remember that the cryptocurrency market is highly volatile, and a single technical indicator is insufficient to predict future trends; comprehensive analysis is the wise choice.
ETH-2.06%
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ExpectationFarmervip
· 08-14 10:50
Identifying the support level is crucial.
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StablecoinEnjoyervip
· 08-14 10:45
The support level hits accurately.
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BlockchainRetirementHomevip
· 08-14 10:37
This wave will definitely break and rebound.
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ClassicDumpstervip
· 08-14 10:28
Just look and copy it the other way around.
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