Ethereum intraday market analysis on September 21:
Weekend trading days are usually calm, but you still need to be vigilant at night. At present, Bitcoin has been in a bullish trend for many consecutive days. In the morning session, Bitcoin and Ethereum both experienced a pullback, and many altcoins that followed the rise also pulled back.
From a long-term perspective, the expectation of interest rate cuts is beneficial to the market. For intraday short-term traders, you can try to short near the pressure level, and after the decline stops near the support level, you can consider going long without being affected. No matter how the market news changes, the trend intention of the main funds will be reflected in the market. Therefore, looking for trading opportunities through review, and always insisting on setting stop losses and following the trend are key factors.
The following are the key positions for Ethereum intraday market analysis:
- In the 1-4 hour period from afternoon to evening, focus on the two key support levels of 2544 and 2470. If the price falls back and does not break, the bull market is expected to continue. Pay special attention to the 2518-2520 range. If it falls back and does not break, the trend is still biased towards bulls.
- Reference for pressure and support levels (fluctuation range of plus or minus 5 points):
- Pressure levels: around 2565, 2590, 2637, 2675.
- Support levels: around 2518, 2500, 2470, 2460.
- Suggestions for pin positions (default stop loss 15 points):
- Pressure level focus: around 2635-2640, 2670-2675.
- Support level focus: around 2400-2405, 2305-2310.
Investors should focus on these key positions when trading and flexibly adjust trading strategies according to market dynamics. (Mobile stop profit is the main brothers and sisters) $ETH