Today$ETH Market Analysis
After a violent rebound, the market is consolidating at high levels. Long positions are preferred on dips, short positions on rallies, with light positions and quick entries. No chasing highs.
Strong breakout above the 2000 level, the 4-hour rebound structure is intact, but after a surge, it encountered resistance and pulled back, entering a consolidation phase.
2. Key Support and Resistance (ETH/USD)
Strong Resistance: 2100 → 2120 → 2150
Strong Support: 2000 → 1980 → 1950
Long and Short Strategies
1. Long Entry: Stabilize around 1990–2000 and go long
Stop Loss: 1970
Target below: 2080 → 2100
Logic: The 2000 level support is effective. Buy on dips, avoid chasing highs.
2. Short Entry: Short at 2100–2120 under resistance
Stop Loss: Above 2155 Target: 2050 → 2000
Logic: Previous dense trading zone with heavy trapped positions. Resistance during rebound likely causes a pullback.
Market Sentiment: The fear index remains in extreme fear territory, with ample momentum for a rebound from oversold conditions.
Macro Positive Factors: The Federal Reserve easing bank regulations, the implementation of global crypto regulatory frameworks, and institutional capital returning.
Technical Perspective: Daily V-shaped reversal, reclaiming key moving averages, but overhead selling pressure remains.
After a violent rebound, the market is consolidating at high levels. Long positions are preferred on dips, short positions on rallies, with light positions and quick entries. No chasing highs.
Strong breakout above the 2000 level, the 4-hour rebound structure is intact, but after a surge, it encountered resistance and pulled back, entering a consolidation phase.
2. Key Support and Resistance (ETH/USD)
Strong Resistance: 2100 → 2120 → 2150
Strong Support: 2000 → 1980 → 1950
Long and Short Strategies
1. Long Entry: Stabilize around 1990–2000 and go long
Stop Loss: 1970
Target below: 2080 → 2100
Logic: The 2000 level support is effective. Buy on dips, avoid chasing highs.
2. Short Entry: Short at 2100–2120 under resistance
Stop Loss: Above 2155 Target: 2050 → 2000
Logic: Previous dense trading zone with heavy trapped positions. Resistance during rebound likely causes a pullback.
Market Sentiment: The fear index remains in extreme fear territory, with ample momentum for a rebound from oversold conditions.
Macro Positive Factors: The Federal Reserve easing bank regulations, the implementation of global crypto regulatory frameworks, and institutional capital returning.
Technical Perspective: Daily V-shaped reversal, reclaiming key moving averages, but overhead selling pressure remains.
