ETH Strategy Analysis: Relying on resistance, planning for pullback


Market Analysis: Ethereum has recently shown a pattern of oscillating convergence, with volatility continuously narrowing, indicating a direction is about to be chosen. Combining this with the overall technical structure, the upward momentum is weakening, leaning towards shorting on rallies.
· Entry Area: 3015 - 3040
· Stop loss setting: 3080 (If it effectively breaks above this level, the strategy becomes invalid)
· Target levels: First target 2950, second target 2900, key support 2870, ultimate target 2800
Risk control reminder: It is recommended to take partial profits in batches and to close part of the position to lock in profits after reaching each target level. Please make sure to use a light position and strictly implement stop-loss.
ETH-3,29%
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