Yesterday, ETH performed strongly during the anniversary celebration, showing a significantly better intraday trend compared to BTC. After effectively stabilizing above the 2600 level, it entered a one-sided upward mode in the afternoon, with the hourly chart displaying a typical main upward wave pattern.
The night market continued its strong momentum, briefly retracing after first touching the resistance level of 2685, and then breaking through and reaching the strong resistance area of 2710 during the early morning hours.
[Technical Analysis] Daily level shows: - Upper resistance: First resistance level 2675, second resistance level 2690 - Support below: Primary support at 2625, key support at 2600
[Operation Suggestions] Intraday strategy suggestion: 1. Short position opportunity: It can be positioned near the 2690 resistance zone, where there is a higher win rate. 2. Long Position Strategy: It is recommended to remain on the sidelines for now. 3. Overall judgment: It is expected that there will be a need for a pullback during the day, with a focus on the defense of support levels.
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[ETH Trading Market Review]
Yesterday, ETH performed strongly during the anniversary celebration, showing a significantly better intraday trend compared to BTC. After effectively stabilizing above the 2600 level, it entered a one-sided upward mode in the afternoon, with the hourly chart displaying a typical main upward wave pattern.
The night market continued its strong momentum, briefly retracing after first touching the resistance level of 2685, and then breaking through and reaching the strong resistance area of 2710 during the early morning hours.
[Technical Analysis]
Daily level shows:
- Upper resistance: First resistance level 2675, second resistance level 2690
- Support below: Primary support at 2625, key support at 2600
[Operation Suggestions]
Intraday strategy suggestion:
1. Short position opportunity: It can be positioned near the 2690 resistance zone, where there is a higher win rate.
2. Long Position Strategy: It is recommended to remain on the sidelines for now.
3. Overall judgment: It is expected that there will be a need for a pullback during the day, with a focus on the defense of support levels.
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