Ethereum (ETH)
Day/Line
Currently holding a short position at $3,530. Although Ethereum continued to rise in the early morning and broke through the previous high of $3,515, the bulls were not strong enough and there were signs of a correction in the gains. The price has recently fluctuated in the range of $3,400-3,530, showing a volatile upward trend in the short term.
4h/picture
Technical indicators
MACD: The histogram is weakening, indicating that the price rebound is beginning to lose momentum.
Trend analysis: Ethereum may still have a pullback in the short term.
Recommendations
Short order operation
Entry range: $3540-3560 (light position)
Stop loss price: 40 points
Target price: $3,400-3,370
Multiple order operation
Entry point: $3,400
Target price: above $3,450
Risk management and strategy adjustment
Control your position: In an uncertain market environment, it is recommended to operate with a light position to control risks.
Focus on key points: Before breaking through the $3,580 level, it is not recommended to blindly follow up on long orders. A prudent strategy is to wait for the price to pull back and enter the market again.
Dynamically adjust strategies: Pay close attention to market trends and adjust operating strategies in a timely manner.
Market Outlook
Upward pressure: $3,580 is the key resistance level. Long orders should be cautious before breaking through this point.
Bottom support: $3,400 is an important support level, and if it falls below this point, there may be greater downside space
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