From the chart, the current price of ETH (Ethereum) is 2603.51. The recent market performance has shown strong volatility, and there are signs of rebound after a sharp drop.
Yesterday, the ETH price rebounded strongly from around 2400.0. Today, we should pay attention to whether the price can continue to rise to above 2700.0. If it cannot break through, it is recommended to do short-term trading in the range of 2650.0-2700.0
Bearish
Entry point: If the price fails to break through 2650.0 and starts to fall, consider shorting around 2600.0.
Take profit position:
First take profit level: 2500.0
Second stop profit position: 2400.0
Stop Loss: Set at 2700.0 in case the price breaks to the upside.
In summary, ETH is currently in a critical price range and the market direction is not yet clear. Investors are advised to be cautious when operating and set stop-profit and stop-loss positions to avoid losses in market fluctuations.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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