$ETH [ETH/USDT] – THE BATTLE AT THE CENTRAL AXIS: ASCENT OR DEATH POINT?
The market is entering a highly sensitive contested area. All eyes are focused on the central axis of 1,950 – the "hinge" that will determine the fate of ETH in the upcoming period.
1. GOLD SCENARIO: RE-TEST CENTRAL AXIS (TARGET 3,200)
In this scenario, the stubbornness and Accumulation structure will speak out:
Steel support at 1,950: ETH needs a solid re-test at the central axis of the Trading Range (1,950). Maintaining this level confirms that the bulls have completely controlled the value area.
E phase explosion: After the accumulation phase at the central axis, a decisive push above the upper boundary of the Range will trigger the E phase. At that point, the depletion of supply will help the price soar, heading straight towards the target area of 3,200.
2. RED SCENARIO: SIDEWAY WEAR & BREAK DOWN (TARGET 1,100)
This is the "torture" scenario that investors need to be particularly wary of:
Exhausted sideways: Instead of bouncing back strongly, the price keeps drifting sideways around the axis of 1,950 with volume disappearing. This is a sign of "No Demand" and an underground distribution process.
Collapse of Supportline: Prolonged wear and tear will weaken the lower support line. A decisive break down through the Supportline will trigger a wave of sell-off. Once the final stopping points are breached, liquidation pressure will push the price straight down to the historic bottom of 1,100.
Conclusion: Don't focus on temporary green and red candles. Pay attention to how the price behaves at the axis of 1,950. That is where the sharks are making their decisive move!
According to the elders #Eth se up or down???