Talk about the current trend of ETH, currently at the strong resistance level of 2550. Yesterday, it was pushed down as soon as it approached this level, indicating that the selling pressure here is too heavy.
However, according to the four-hour trend, it is still in an upward channel. This level needs to adjust a bit, using fluctuations to digest the selling pressure above. Once the selling pressure at 2550 is digested, it will slowly rise above 4000.
Currently, my plan is to enter a long position at 3405, as this level is a strong support on the four-hour chart. If it breaks below this level, it will go down to 3250. We will set our stop loss at 3370, and the short-term target is 3600. #ETH🔥🔥🔥🔥