ETH Reaches New Highs! Strong Breakthrough at Night, Short-term Operations Have Great Potential!

ETH Real-time Price: $3481.13

After experiencing recent fluctuations and consolidations, Ethereum (ETH) has broken through the key resistance of $3400 and is currently rising steadily, with the latest price at $3481.13. As market sentiment gradually warms up, ETH's strong performance has also attracted the attention of many investors. Although night trading is relatively calm, ETH's short-term upward trend remains strong, and it is very likely to usher in a new wave of increases.

Technical Analysis: Current ETH Trend Analysis

From a technical perspective, ETH's current price is around $3480, close to the recent highs. If it breaks through the strong resistance at $3500, ETH may continue to climb to $3600 or $3700. However, if it fails to break through the current level, a pullback may occur, with the nearest support level potentially falling back to $3400.

Support Levels:

$3400 (Short-term Support Zone) $3350 (Strong Support Zone)

Resistance Levels:

$3500 (Recent Strong Resistance) $3600 (Next Target Zone)

Long Strategy:

Entry Point: If ETH breaks through $3500, consider entering a long position with a target price set at $3600. Stop Loss: It is recommended to set the stop loss at $3400 to ensure capital safety. Leverage: It is advisable to use 5x leverage to achieve higher returns during the upward movement.

Short Strategy:

Entry Point: If ETH fails to break through $3500 and shows signs of a pullback, consider shorting near $3480. Take Profit Point: Set the target price at $3400, adjusting flexibly based on market reactions. Leverage: Use 4x leverage to steadily gain profits during the price pullback.

ETH is expected to continue rising in the next 24 hours.

As Ethereum's price breaks through key resistance levels, market sentiment warms up, and the expansion of ETH's ecosystem applications, there is a high probability that ETH will continue to rise in the next 24 hours. If it breaks through $3500, the short-term upward space may further expand to $3600. However, caution is advised, as there is also a certain risk of pullback due to significant market fluctuations.