According to the media, the ETA short-line is approaching a set of commonly seen-up technology patterns: 50 daily averages are expected to go through a 100-day average. However, according to the article, this signal does not in itself directly push up prices, provided that ETH first breaks through the upper resistance zone.
50, the daylight continues to rise.
Currently, the ETH price is approximately US$ 1874. It is mentioned that the average of 50 days has recovered to approximately US$ 1824, while the average of 100 days is still down at approximately US$ 1919. The distance between the two lines is narrowing, which means that the gold fork form is brewing.
Technically, fork in gold usually means that price performance is higher in the near term than in the longer term. However, such signals tend to lag behind, more like confirmation of existing repair trends than stand-alone rise points.
Nineteen hundred to 1950.
According to the article, since July, ETH has been hampered several times between 1900 and 1950 dollars. At the same time, the recent downward line of local heights also falls in close proximity, making the zone a more concentrated pressure band of short lines.
The importance of this position is further reinforced by the fact that the average daily line is approximately $1919. If prices can be effectively broken between 1920 and 1950, the current restoration structure will be more complete, with an increase in the probability that the daily average will be completed.
Look below. 1824.
In terms of kinetic energy indicators, the reference to RSI is around 49.8, which is close to neutral, suggesting that there is no apparent temporary advantage in space. The first important support below is still the 50-day average, around $1824.
If this position is lost, ETH may return to the 1750 to 1800 USD and the time of the fork may continue to be postponed. Even if the successor gold fork is formed, ETH still faces a more resistance position of approximately US$ 2132 per day.
Overall, the article argues that the emerging gold fork is positive for market sentiment, but not sufficient to be considered an automatic trigger for an increase. Only if the price rises first and stabilizes above the 1950 dollar is this pattern more likely to be recognized by the market as a continuing trend.