Ethereum price movement once again demonstrates the market's "memory", as this round of fall precisely touches the lower band of 2456 USD level formed in the previous analysis of the 4-hour Candlestick Chart. This point has indeed become a key support area as predicted in the previous analysis.



The precise retracement of market prices validates the value of technical analysis, prompting us to continue observing whether this support level can be effectively maintained. Ultimately, market trends will speak for themselves, and the alignment between technical aspects and actual performance is worth the attention and consideration of every trader.

For the future of Ethereum, new investors are advised to closely monitor the performance of this key support level, as it may determine the short-term direction of ETH. The market is always the ultimate standard for testing analysis.
ETH-2.51%
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SmartMoneyWalletvip
· 06-20 17:09
Retail investors always only focus on the candlestick chart, while the funds have long withdrawn.
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LiquidityWizardvip
· 06-20 14:51
theoretically speaking, 2456 is statistically optimal... but markets are rarely rational tbh
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GasFeeNightmarevip
· 06-19 18:27
Waiting all night for the gas to drop.
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DefiPlaybookvip
· 06-17 18:51
The support level has arrived, it's an opportunity to trap equipment.
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AirdropHuntressvip
· 06-17 18:50
Data is king. This track has long been targeted, more accurate than the market.
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HodlKumamonvip
· 06-17 18:49
Data aspect: 2456 bears have deployed small warehouses~
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OnChainDetectivevip
· 06-17 18:47
hmm... pattern matches precisely what my algos predicted. whales can't hide their moves from on-chain data
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MemecoinTradervip
· 06-17 18:45
social sentiment playbook activated... support level = mass psychology trap fr
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NftCollectorsvip
· 06-17 18:43
From the perspective of fractal theory, this support level is simply the best embodiment of digital art. New narrative values are being separated on-chain.
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