2.15 Coin Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference
Ethereum experienced a breakout upward in the evening, currently reaching the previous high near 2790. The short-term increase is close to a hundred points, and the price increase is quite strong. However, it has not broken through the 2800 level. In the past two days, after rebounding to this level, there has been a pullback, indicating that there is still strong resistance above. If it cannot maintain the rebound, a pullback will soon follow, so it is advisable to be prepared. After this wave of upward movement, the support has shifted upwards, and the range is narrowing. It is recommended to operate with a light position, paying attention to the breakout situation at 2800 above. If the rebound breaks out, one can follow up with short-term long positions; if it does not break, one can try light short positions.
2.15 Short-term Reference for Ethereum:
Short positions: 2820-2780 short, defend at 2950, stop loss: 2970, target below 2730,
Long positions focus on the range of 2640-2680, stop loss at 50 points, target above 2720,
Message sending may be delayed, strategy suggestions are for reference only, the market changes rapidly, regardless of how confident you are in market judgment, it is essential to manage take profit and stop loss properly, securing profits is important
#ETH #ETHETFsApproved #ETHETFS #BTC