Current Position (August 18, 2024, 12:00): The market is at a resistance level around 2,665.00. This area could signal either a pullback or a breakout, depending on market sentiment and external factors.
Next Key Times:
August 20, 2024, 06:00: This time point may represent a moment of potential reversal or continuation of the current trend.
August 23, 2024, 01:00: This could be a critical period, where a major movement in either direction may occur.
August 24, 2024, 16:00: A point to watch for further developments.
August 25, 2024, 11:00: This point could indicate a stabilization or another shift in the market's direction.
Interpretation:
Upward Potential: If ETH/USDT breaks the current resistance and continues upward, it could reach the 2,690.00 mark or higher. This would likely align with positive developments or market optimism.
Downward Risk: Failure to break above resistance may lead to a test of the lower support around 2,600.00 or lower, with potential significant drops around the key timeframes identified.
ETHEthereum (Cryptocurrency)ETHUSDETHUSDTFundamental AnalysisTechnical IndicatorsTrend Analysis

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