Market Review
The short order of Ethereum at 3420 was profitable, and the students who followed the actual trading stopped profit at 3330, taking a profit of 90 points. Currently, the price rebounded to 3380 after touching the support of 3330.
technical analysis
Daily chart
Support: 3330
Suppression position: 3410
Four-hour chart
Bollinger Bands: The bands are severely tightened and the price is volatile.
Operating range: 3480-3260
One-hour chart
Trend: shock decline
Support: 3340
Resistance: 3420
Recommendations
Robust Strategy
Short on rebound: Place short orders in the 3380-3410 range, target 3340, and set stop loss at 3430.
Aggressive Strategy
Short-term operation: Pay attention to the resistance level of 3420. If it breaks through, enter short-term long orders, with the target at 3480 and the stop loss at 3390.
Summarize
Ethereum continues to show a volatile downward trend in the short term. Investors are advised to arrange short orders at key resistance levels to ensure the robustness and effectiveness of trading strategies. Conservative investors can short when the price rebounds to resistance levels, while aggressive investors can focus on short-term breakthrough opportunities and flexibly adjust their operating strategies.
