Ethereum: A new round of offensive and defensive battle begins!

Support appears, may the market rebound in the future?

Key points to help you plan ahead!

Market analysis

The current trend of Ethereum shows a range of fluctuations, the market momentum is slightly weak, but the support below is relatively strong. In the short term, the long and short sides may continue to fight in key areas.

Support and resistance

• Support level: 3,300, 3,200, 3,050

• Resistance level: 3,450, 3,550, 3,700

Short-term trading strategy

1. Long plan

• Open position: 3,330

• Add position: 3,200

• Stop loss: 3,000

• Take profit: 3,450, 3,550, 3,700

2. Short plan

• Open position: 3,450

• Add position: 3,550

• Stop loss: 3,750

• Take profit: 3,300, 3,200, 3,050

$ETH

My prediction

Tend to be long, it is expected that Ethereum will stabilize in the key support area and gradually rebound.

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