Bitcoin 77,000, Ethereum 2,400

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Wanqiantang
· 9h ago
$ETH
Ethereum has not stabilized above 2250 yet, so there is still a possibility of a pullback. Over the weekend, you can consider going long around 2200, with a stop loss near 2150.
The 2250-2280 range is highly contested between bulls and bears, with 2280 being the resistance level on the daily MA90, and also a recent high point, forming a short-term double top structure.
Ethereum lacked significant movement on Saturday; the strategy remains unchanged: buy on dips around 2210, favoring longs over shorts, and patiently wait for next week’s price to stabilize above 2250, then aim for a surge toward 2350-2500.
Centered around 2250, a 10x short squeeze could push the price to 2475, while a 20x short squeeze might bring it down to 2350. This is just for reference.
There are too many shorts at 2200/2250; on Friday, the short sellers betting on news were all trapped in this range. They will likely feel uncomfortable at this level. Keep an eye on the 2250 level—if it stabilizes and breaks through, look for 2350. #Gate上线Pre-IPOs # Gate spot and derivatives both rank among the top three globally.
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