The movement of ETH is following my technical chart and levels. It has dropped sharply twice after reaching around 3440. Please remember that in addition to 3440 being resistance, 3550 is also resistance. Only a strong reversal and breakthrough will bring spring to Ethereum.

ETH has not yet broken through 3550, so today we have laid out a short strategy for ETH at 3410 and have not positioned any long trades for ETH.
You can clearly see that the overall trend of ETH is weak; only after breaking 3550 will I consider going long on ETH during dips.
Currently, ETH has a support level around 3333 to 3300, and surprisingly, 3440 has also become a resistance level for ETH, indicating its weakness.
Someone asked during the live stream about their long position at a cost of 3337; actually, your level is still within the support range. Here, I generally use high leverage for contracts with risk control, so if you were to go long at this position, the stop-loss would be below 3300. For example, if the risk control level is 3290, since 3300 has been tested for 3 days, the support becomes weaker with each test; only by breaking out of this range will ETH have an upward trend. If you want to find lower points for ETH, they are successively 3333, 3233, and 3123, which are currently closer support levels for Ethereum. Extreme spike points don’t count because spikes generally end within a minute; without a black swan event, it’s rare to see spikes starting with 28. It’s not like a pump-and-dump scheme where such spikes happen every day!
If you are trading ETH based on right-side trading, for example, breaking and stabilizing above 3440 allows you to see the pressure point at 3550. If it breaks and stabilizes at 3550, then the space opens up, and the next target could be 4000. Therefore, right-side trading requires a triggering mechanism; actions can only be executed after they occur. #ETH 👉返佣