ETH successfully broke above $2100, marking an important psychological and technical resistance level. A 5% intraday increase combined with a high trading volume of $33.87 billion indicates market recognition of the breakout and strong buying pressure.
Trading Strategy Bullish Strategy (recommended weight: 60%) Entry Timing: Consider entering in batches when the price retraces to the $2,080-2,100 range Stop-loss setting: $2,050 (below the 5-day moving average support) Target Levels: First target $2,200, second target $2,300 Reasons: • Usually, there is an inertial rise after breaking through a key resistance level • High trading volume confirms the validity of the breakout • A 5% increase shows sustained buying strength Bearish Hedge Applicable Situation: If the price rapidly rises above $2,250 Strategy: Light hedge to prevent technical retracement.$ETH
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ETH successfully broke above $2100, marking an important psychological and technical resistance level. A 5% intraday increase combined with a high trading volume of $33.87 billion indicates market recognition of the breakout and strong buying pressure.
Trading Strategy
Bullish Strategy (recommended weight: 60%)
Entry Timing: Consider entering in batches when the price retraces to the $2,080-2,100 range Stop-loss setting: $2,050 (below the 5-day moving average support)
Target Levels: First target $2,200, second target $2,300
Reasons:
• Usually, there is an inertial rise after breaking through a key resistance level
• High trading volume confirms the validity of the breakout
• A 5% increase shows sustained buying strength
Bearish Hedge
Applicable Situation: If the price rapidly rises above $2,250 Strategy:
Light hedge to prevent technical retracement.$ETH