Ethereum market analysis in the early morning of September 19:
During today's trading session, Ethereum's price trend will be affected by key price levels. The following is an analysis of Ethereum's short-term market and operational suggestions.
Short-term key price observation:
- In the 1-4 hour time frame, investors need to pay close attention to the two price levels of 2315 and 2326. If Ethereum can physically stand above these two price levels, the bullish trend may be maintained in the short term, and the market may show a fluctuating upward trend.
- On the contrary, if it fails to stand effectively, Ethereum may enter a wave of bearish market, and the support level below should be paid attention to at this time.
Support and resistance level analysis (considering +-5 price fluctuations):
- Support levels: 2261, 2240, 2210, 2185
- These price levels may provide support for Ethereum. If the price falls back to these areas and does not break, it can be regarded as an opportunity for longs to enter or increase positions.
- Pressure levels: 2355, 2395, 2440, 2480
- These price levels may pose a challenge to the rise in Ethereum prices. When approaching these price levels, investors should consider long profit-taking or short entry.
Operational suggestions:
- If Ethereum does not break the 2284 price level within 1-4 hours, you can maintain a long mindset and pay attention to the test of the key pressure level above.
- If the price falls below the support level, you should be cautious about long positions and consider short strategies.
Pin position reference (considering +-5 price fluctuations):
- Pressure level pin: 2480-2495, 2565-2580
- If there is a pullback after a rapid price rise in these areas, it may be an opportunity for short entry.
- Support level pin: 2125-2130, 2205-2210
- If there is a rebound after a rapid price drop in these areas, it may be an opportunity for long entry.
Professional trading advice:
- Dynamic adjustment: Adjust trading strategies dynamically in real time according to the market to maintain flexibility.
- Stop loss setting: Set stop loss points reasonably to control potential risks.
- Technical confirmation: Combine technical indicators and chart patterns to make trading decisions.
Please note that the above analysis is for reference only and does not constitute a specific trading recommendation. Investors should consider their personal risk tolerance and market changes when trading.
