The fare price has remained stable at the critical support level, but the resistance level of $1850 needs to be exceeded to confirm a stronger rebound.

The subsequent period of the transaction may determine the next course of action of the Taifeng, with the target of US$ 1950 and US$ 2150 after the break and, if rejected again, the next phase of the shock.

Since the beginning of July, it has been organized in a clear-cut area, supported by support in the vicinity of $1650-1700, while facing repeated resistance in the vicinity of $1800-1850. Despite repeated attempts, neither the buyer nor the seller had been able to establish a decisive breakthrough, resulting in the Ether Zone remaining in this zone. Such long-term consolidation usually reflects a balance between supply and demand, and market participants are waiting for the next catalyst.

As the Etherfrog approaches once again the upper boundary between the zones, an important question emerges: is this an early accumulation stage or is it just a rebound that recedes at the point of resistance?

This month's Ether's prices are moving.

After a heavy sale in June, the Etherfrog gradually found support over the past few weeks. The price did not continue to decline, but was firmly in a clear zone, with the buyer entering near US$ 1650-1700 and the seller defending repeatedly in the area of US$ 1800-1850. This repeated sawing keeps the Ether Workshop in a state of consolidation, but there are subtle indications that buyer confidence is growing.

Each turnback is underpinned by demand, which leads to a series of higher lows in the market. At the same time, the cattle market has yet to break through and the overall outlook remains uncertain. At present, Ether is at an important crossroads. Effective breakthroughs in the current zone could alter the power of the buyer; if rejected again, it would indicate that the seller remained firmly in control of the market.

High-level testing at Taifeng prices. Buyers accumulate kinetic energy.

After going through successive highs and lows, the price of the Taifeng has stabilized between $1740 and $1,800. This indicates that the buyer has become more active each time a switch has been made, while short-term kinetic energy has been tilted towards the bear market as the super-trend indicator has shifted to the upwards. Although the short-term picture has shifted to a higher level, the fare price is still below the critical resistance level encountered in each rebound this month.

In addition, there is a consistent pattern of turnover, which stabilized after the June sale, indicating a panic sale in the market. At the same time, the cumulative trade-off (CVD) shows an increase in the pressure on buying, indicating that active buying exceeds sales. These indicators suggest that market conditions are improving and that kinetic energy is increasingly tilting towards buyers. This, however, can only be confirmed if resistance is breached at fare prices with strong participation.

The expectation of rebounding at Taifeng prices

It is approaching a critical breakthrough. The buyer successfully defended the support area of $1650-1700 and gradually pushed up the price, but the real test was between $1800 and $1850. A strong day-line collection above this resistance position, accompanied by a stronger trade, could shift kinetic energy completely to the buyer and pave the way for 1950 dollars, which would be the next main resistance position.

If the Ether Workshop fails to break through resistance, the current zone may remain unchanged. In such cases, traders should pay close attention to the US$ 1,700 support area, as the price may fall back to US$ 1650 if it falls. At present, the market shows encouraging signs, but the next breakthrough — not an indicator — will determine whether the Taifeng is really entering the accumulation phase or simply continuing its consolidation.