The current price of Ethereum (ETH) is $3599, experiencing a process of sector rotation, with market share shifting from Bitcoin (BTC) to Ethereum (ETH). The recent turnover rate of Ethereum is very high, with increased volatility, and the possibility of significant fluctuations in the short term is also considerable, so cautious operation is essential, especially when a right shoulder formation appears, choose appropriate short positions for testing.
Stop-loss position settings:
The stop-loss position is set at $3500 to prevent Ethereum from experiencing a rebound in the future. If the trend does not meet expectations, reduce losses through stop loss to protect capital safety.
Daily line:
Highest price: $3615, lowest price: $3300.
The first resistance level on the daily line has been broken, and the previous high has also been surpassed, with the current key resistance level above $2800.
EMA15 support: The current support level is at $3265, the bullish trend continues, and the rebound is expected to continue.
Although the increase in volume is not significant, DIF and DEA are expanding upwards, indicating that bullish momentum is still present.
The top divergence has not completely ended, but is still in the continuation phase.
The upper track of $3535 has been lost, but the overall bullish trend still dominates, with room for further increases in the short term.
Short-term trading strategy:
Upward operation (sell on rebound):
Resistance level: $3800 to $3850 range, defensive position at $3900 to $3950, stop loss set at 50 points, target down to $3700 to $3600, if it breaks, it may drop to $3500 to $3450.
Downward operation (buy on pullback):
Support level: $3450 to $3500 range, defensive position at $3400 to $3350, stop loss set at 50 points, target up to $3600 to $3650, if it breaks through, it may rise to $3700 to $3750.
From the current market analysis, Ethereum (ETH) has a strong bullish trend in the short term, and the rebound may continue. It is recommended to go long on pullbacks and short near the resistance levels, with strict stop-loss settings to ensure capital safety. In terms of operations, risk control is the top priority, try to enter at key points, set stop losses in a timely manner, and avoid being 'shaken off' by market fluctuations.
Short-term fluctuations can be exhilarating, but as long as the stop loss is set properly, anything is possible! Follow the expert, and let’s operate accurately together, steadily earning for the future!
