These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55
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Note
(ETHUSDT 1D chart) The HA-High indicator appears to be newly created at point 3903.61.
Accordingly, the key is whether it can receive support and rise around 3900.73-3962.19.
If not, and it falls, there is a possibility that it will fall below 3676.23 and turn into a short-term downtrend.
If it is supported and rises around 3900.73-3962.19, it is expected to continue its upward trend by rising above 4294.78.
Note
(ETHUSDT 1D chart) With the creation of a new trend line, the next period of volatility has been moved to around March 24th.
Accordingly, the key is whether the price can be maintained by rising above 3676.23.
If not, caution is needed as it may lead to further decline.
(1W chart) If the price holds above 3676.23, it is expected to rise above 3962.19.
It is expected to determine the trend again after that.
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