ETH 4-hour trend analysis and operation strategy
Ether (ETH) shows an upward trend at the 4-hour level, and the current structure is a typical long arrangement. In view of this, the main strategy should be to buy on dips.
Today, Ethereum rebounded again, and its target is near the weekly pressure level of 3444.
The lower support level is in the range of 3280 to 3260. If the price falls below this support range, the support level will move down to 3222.
When performing small-band operations, you can choose to enter the market at the nearest support level based on the daily price fluctuations when the price reaches the corresponding pressure level and falls back.
It is worth noting that Ethereum did not follow the downward trend of Bitcoin (BTC) this time, but went out of an independent market, so it can be operated separately.
In the operation of buying on dips, the defense position can be set at 3250.
From the perspective of forced liquidation risk, if you plan to arrange mid-term trend trading, it is relatively safe to enter the market when the price is below 2800, which can effectively reduce the risk of forced liquidation and seize the profit opportunities brought by the mid-term trend. $ETH