Ethereum is currently in an overall upward trend in the market data, but it is still in a sideways consolidation phase. The key support and resistance levels are clear, operating around the 2500 level in the short term. After a rebound, the market may enter an adjustment or sideways phase, with overall momentum showing signs of weakening and there being a risk of pullback. Attention should be paid to the performance near the key support level around 2530 during the day; if the price stabilizes, one may try to participate in the rebound. The current market has not completely escaped the sideways consolidation pattern, and in the short term, one should remain cautious of false breakouts. For today's strategy, I personally suggest reducing position on the current high point once.
Short Ethereum at 2515, target 2465, defense 40 points, #BTC##ETH#
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Ethereum is currently in an overall upward trend in the market data, but it is still in a sideways consolidation phase. The key support and resistance levels are clear, operating around the 2500 level in the short term. After a rebound, the market may enter an adjustment or sideways phase, with overall momentum showing signs of weakening and there being a risk of pullback. Attention should be paid to the performance near the key support level around 2530 during the day; if the price stabilizes, one may try to participate in the rebound. The current market has not completely escaped the sideways consolidation pattern, and in the short term, one should remain cautious of false breakouts. For today's strategy, I personally suggest reducing position on the current high point once.
Short Ethereum at 2515, target 2465, defense 40 points, #BTC# #ETH#