ETH 15-Minute Level SMC Structure Analysis | Breakthrough Imminent, Key Levels Clearly Defined!

ETH has formed a standard descending wedge structure on the 15-minute chart. After the price found support at the lower boundary of the wedge, it continued to rebound. It has now broken through the short-term downward trend line inside the wedge, with bullish momentum gradually recovering.

Core Structure Breakdown:

• Resistance Level: The upper boundary of the wedge at 2200-2220, overlapping with the previous dense trading zone, is the main resistance for this rebound; if successfully broken, the target above is the previous high range of 2260-2280.

• Support Level: The lower boundary of the wedge at 2170-2175, serving as the current bull defense zone. Holding this level allows the rebound structure to continue; if broken, the next support is the previous low at 2140-2150.

• Indicator Signal: MACD has formed a gentle bullish crossover near the zero line with increasing volume. Bullish momentum is gradually strengthening, with volume supporting the structural rebound, indicating a short-term bullish bias.

Trading Strategy Reference:

• Long Positions: Wait for a pullback to the 2175-2180 support zone for stabilization, then enter in batches. Stop loss at 2165, target 2200-2220, with a breakout aiming for 2260.

• Short Positions: Attempt shorting at the rebound pressure zone of 2210-2220, with a stop loss at 2230, targeting 2180-2175.

⚠ This content is for technical analysis sharing only and does not constitute any investment advice. Cryptocurrency is highly volatile; please strictly control position sizes, set proper stop losses, and trade at your own risk. #加密市场小幅下跌