$ETH 1-hour MA256 (2152.96) and 30-minute MA120 (2152.84) along with a cluster of moving averages form a dense support band near 2152.


The overall price is compressed within a narrow range of 10 points between 2152 and 2162, which is a high-energy moving average density zone with high breakthrough difficulty, but once broken through, it will trigger a unilateral trend.
From a technical perspective, price is constructing an ascending triangle with lower points gradually rising to 2118, but the upper point is suppressed at the 2175 level. If there is a volume-supported breakout of 2175.6 (double bottom neckline), targets could reach 2203 (4-hour MA20) or even 2221 (6-hour MA20).
If it breaks down through the moving average cluster support at 2152, the lower level will test the key formation support at 2118.3.
MACD shows multi-timeframe divergence: The daily chart shows red columns expanding above the zero line, but the 4-hour and lower timeframes are mostly below the zero line or showing contracting green columns, indicating momentum disagreement between larger and smaller timeframes and facing a directional choice.
ETH-3.52%
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