September 13 ETH ETH market analysis and trading strategy
From the 1-hour K-line chart of ETH, the current price fluctuates around 2,345. The market is running in an upward channel, but faces a strong resistance level of 2,400 above. The position has been tested many times without success, and there is a strong selling pressure at this position. In the short term, the price has fluctuated between 2,320 and 2,360. The support level below is 2,305 USDT, and the market sentiment remains cautious, waiting for further breakthroughs or callback signals
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Main pressure level: 2,400. If the price can effectively break through this resistance, ETH may enter a new upward phase, with the target of 2,450 USDT and above.
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Main support level: 2,305. If the price falls below this support, it may drop to 2,275 USDT or even 2,245 USDT.
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Long strategy: If the price breaks through 2,400 USDT, it indicates that the bulls are strengthening. It is recommended to consider a light long position, with a target of 2,450 USDT and a stop loss of 2,350 USDT.
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Short strategy: If the price fails to break through 2,400 USDT again, short orders can be gradually arranged around 2,360 USDT, with a target of 2,305 USDT and a stop loss of 2,380 USDT.
