**ETH Price Analysis**$ETH
**Monthly Timeframe:**
- **Highest target:** $3000-$3100
- **Lowest target:** $2180-$2000
**Weekly Timeframe:**
- ETH could hit its monthly low this week, potentially dropping to **$2180** or even **$2000**.
**Daily Timeframe:**
- Bearish trend with possible support levels at **$2340** and **$2180**.
**4H & 6H Timeframes:**
- Both 4H and 6H charts indicate a sideways movement (sideway trend).
- Entering trades at this point is very risky due to the lack of clear directional momentum.
**4H Specific:**
- Price could dip from **$2340** to **$2300**.
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**Trading Strategy:**
1. **Observe the Market:** Wait for signs of stabilization before making any moves.
2. **Short Opportunities:** Look for short positions during brief price recoveries in the 1H timeframe.
3. **Cautious Bottom Fishing:** If you're looking to catch the bottom, consider placing orders around the key support zones mentioned. It's advisable to use leverage carefully, limiting it to **x20-x25** and only allocating **30% of your account** to these trades.
**Good luck, and stay safe in your trades!**
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