Is ETH's Breakthrough Coming Again? Ethereum Fluctuates Overnight, Don't Miss the Short-Term Trading Opportunity!

Ethereum (ETH) is currently priced at $3608.47, and the overnight market continues to fluctuate. Today, ETH reached a high of $3661.92 and a low of $3564.75, showing significant overall volatility, with market sentiment maintaining a high level of uncertainty. Nevertheless, ETH still demonstrates strong rebound momentum and has built a clear support/resistance zone in the range of $3560 to $3660, indicating that there may be significant fluctuations in the short term.

Technical Analysis:

The 4-hour chart of ETH shows that the price has formed a short-term bottom in the $3560 support area. After a period of consolidation, the price rebounded to around $3600, indicating strong bullish momentum in the short term. The Bollinger Bands are wide, and price volatility has increased, allowing short-term investors to take advantage of the fluctuations for short-term trading.

From the RSI indicator, it currently remains in the oscillation zone around 50, not yet overbought or oversold, indicating a relatively neutral market sentiment. However, if the price breaks through the resistance level of $3660, it may continue to rise to $3700 and higher in the short term.

Short-Term Contract T+0 Strategy:

Long Strategy:

Entry Position: When the ETH price retraces to around $3570 and finds support, consider entering a long position. Take Profit Position: Set the target position around $3660; if it breaks this level, it may rise to $3700. Stop Loss Position: If the price falls below $3550, exit to prevent further pullback.

Short Strategy:

Entry Position: When the ETH price touches $3660 but does not break this level, and selling pressure appears, consider shorting. Take Profit Position: The target is around $3580; if the price continues to decline, it may further drop to $3550. Stop Loss Position: If it breaks $3700, the short strategy becomes invalid, exit with a stop loss.

ETH demonstrates strong bullish momentum within the fluctuation range, and breaking through $3660 is critical. If it breaks this level, it may quickly rise to $3700 or even higher in the short term, likely triggering a significant rally. The market demand for ETH continues to grow, coupled with the progress of Ethereum 2.0, making the long-term upward potential of ETH undeniable.