Ethereum - Key Focus Points: The critical bullish/bearish dividing line is at 2040. Currently in a volatile uptrend consolidation phase. Although the trend is rising, long positions should be well-protected.
From the daily timeframe perspective: - Resistance level around 2125 - can take light short positions when reaching this level with stop loss - Long positions should focus on the 2000 area (1997 support level) - can go long if not broken - Short-term to medium-term long positions: Can buy in the 2000-2010 range with stop loss - Short-term to medium-term short positions: Can sell in the 2125-2090 range with stop loss
Evening and Tomorrow Trading Strategy
Ethereum - Key Focus Points:
The critical bullish/bearish dividing line is at 2040. Currently in a volatile uptrend consolidation phase. Although the trend is rising, long positions should be well-protected.
From the daily timeframe perspective:
- Resistance level around 2125 - can take light short positions when reaching this level with stop loss
- Long positions should focus on the 2000 area (1997 support level) - can go long if not broken
- Short-term to medium-term long positions: Can buy in the 2000-2010 range with stop loss
- Short-term to medium-term short positions: Can sell in the 2125-2090 range with stop loss