#ETH Market Analysis and Trading Ideas#

Hello traders, here are some of my observations and thoughts on ETH, for reference only:

Market Overview:

ETH is currently in a rebound phase after a decline, with the price around $2,385. The overall trend is still bearish, but there may be a rebound opportunity in the short term.

Key price:

Resistance zone: 2400-2420

Support zone: 2350-2360$$

Trading ideas:

A. Short-term ideas:

Pay attention to the performance of the 2400-2420 USD range

If there is obvious selling pressure, it may be a short-selling opportunity

Pay attention to setting a reasonable stop loss to protect the safety of funds

B. Long-term ideas:

Pay close attention to whether it can break through and stabilize at 2420 USD

If the breakthrough is successful, you can look for a pullback buying opportunity

Stop loss also needs to be set to control risks

Risk warning:

The crypto market is volatile, the above is only a personal opinion and does not constitute an investment advice

Please operate cautiously according to your own risk tolerance

It is recommended to use a small position and strictly implement a stop loss strategy

Other suggestions:

Pay attention to the overall market trend and important news

Combined with multiple time period analysis

Stay rational and control emotions

Remember: There is no 100% accurate prediction, fund management and risk control are the key to success. I wish you all a happy trading and full profits!