ETH today's market analysis and trading strategy



1. Review of yesterday's market conditions
1. Key support level: The support at the 2350 line we focused on yesterday was effective, with the actual lowest point dipping to 2348 before stabilizing.
2. Trading strategy verification: The long position arranged around 2350 according to yesterday's strategy has successfully reached the weekly resistance target of 2540, and the market has experienced an unexpected rise.

2. Current Technical Analysis
1. Price performance: The intraday price strongly broke through the weekly resistance at 2540, reaching a maximum of 2580.
2. Overbought Signal: The current RSI indicator shows an overbought condition, with significant technical pressure in the 2580-2600 range.

3. Today's trading strategy suggestion
1. Short-term strategy: It is recommended to take a light short position in the 2570-2600 resistance range, with a stop loss set above 2620.
2. Risk Warning:
- Need to be cautious of the inertia surge after the breakout.
- Pay attention to controlling the position and strictly set stop-loss.
3. Support Focus: If there is a pullback, the primary observation should be the transformation support level at the 2520 breakthrough.

IV. Special Reminder
Today's market volatility has intensified, and it is recommended to focus on short-term trading to lock in profits in a timely manner. The medium to long-term trend still needs to observe the breakout situation of the key watershed at 2600.

#BTC #GateLive #ETH #Gate 品牌战略重磅升级
ETH-0,39%
BTC0,11%
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