Confirming Support at 1879.61Ethereum / TetherUSBINANCE:ETHUSDTreadCrypto Support at 1879.61 and Breaking through the 1964.96 Line Are Key to Short-Term Trend Reversal ----- Hello. Nice to meet you, investors. If you "Follow" us, you can receive new market analyses quickly. We wish you a successful investment day today. *** ### Mid-to-Long Term Perspective If the stock price remains stable above the 1,164.99 ~ 1,440.00 range, which was a major resistance zone in the past, it appears highly likely that the mid-to-long-term uptrend will continue. However, it is expected that we will need to break through the upper boundary of the M-Signal indicator on the 1M chart to determine whether a full-scale uptrend has entered. Therefore, until then, a response strategy focused on short-term trading rather than mid-to-long-term investment appears effective. If the stock price corrects to the 1,164.99 to 1,440.00 range, there appears to be a high probability of strong buying pressure inflow in that area, so it is necessary to approach this from a staggered buying perspective. *** ### Analysis of Key Price Ranges Currently, the stock price is showing a trend of attempting to break through the upper boundary of the key supply zone between 1,597.76 and 1,879.61. For the future uptrend to strengthen, it is crucial whether the next major resistance zone between 2,419.83 and 2,706.15 is broken. Conversely, if the stock price falls back below the 1,597.76 to 1,879.61 range, it is necessary to check for buying pressure inflow in the 1,164.99 to 1,440.00 range, which is considered a strong support level. In the short term, breaking through and settling at the 1,964.96 level is considered the first condition for a trend reversal. Furthermore, from a mid-to-long-term perspective, the breakthrough at the 2,887.66 level appears to be the benchmark for entering a full-fledged uptrend. Therefore, in terms of investment strategy, securing a significant buying position in the zone below 1,964.96 seems effective. However, it is advisable to consider a final chase purchase only after the breakout at 2,887.66 is confirmed. *** ### Short-term Perspective Currently, the key point is whether the price can break through and settle at the 1,964.96 level after receiving support at 1,879.61. If the price breaks through 1,964.96 and transitions into a support line, the likelihood of a short-term uptrend reversal is expected to increase. Afterwards, along with the possibility of a breakout above the M-Signal on the 1M chart, you must verify whether the price rises to the 2,317.39 point, where the DOM (60) indicator on the 1D chart is located. Conversely, if the price breaks below the 1,879.61 point, it is necessary to sequentially check the next support zones. * 1st Support Line: 1,782.28 point * 2nd Support Zone: 1,569.69 ~ 1,666.58 range It is important to confirm the inflow of buying pressure and support at these price levels. *** ### Conditions for Sustaining an Upward Trend For the price to continue its upward trend after breaking through a major resistance zone, the following conditions must be met. 1. The StochRSI will maintain an upward trend without entering the overbought zone. 2. The OBV will remain above the High Line. 3. The BSSC indicator will remain above the baseline of 0. If these conditions are met, the likelihood of the upward trend continuing is considered high. Since the current stock price has risen above the 1,879.61 point, it is necessary to continuously monitor whether the above conditions are met in the future. *** Thank you for reading to the end. I wish all investors successful investments and performance. 📈