Ethereum ($ETH ) is currently facing a fairly obvious resistance level, around $2820. In response to this resistance level, the market may exhibit the following two trends:
1. If the ETH price breaks through $2820 directly with a large bullish candle, and considering that recent short-term traders have already made some profits, this may trigger a large-scale sell-off. Therefore, if such a surge occurs, it would be a good opportunity for investors to reduce their positions.
2. If ETH experiences a pullback after breaking through $2820, this may indicate that the market is using time to exchange for space, in order to digest short-term chips and achieve a full turnover. Only after such an adjustment can the market potentially welcome more opportunities for upward movement.
Regardless of which trend the market takes, it is recommended that investors primarily adopt a long strategy at this time, avoiding short positions. This is because in the current market environment, going long carries lower risks compared to going short, and the potential returns may be higher. Investors should closely monitor ETH's performance around $2820 and flexibly adjust their trading strategies based on actual market movements.