The current ETHSWAPUSDC is in a range-bound pattern, with the price close to strong resistance at 2841.88.
Core Judgment: The short-term trend looks bullish from a technical perspective (bullish alignment of moving averages), but it faces strong resistance and insufficient momentum (low trading volume, appearance of a evening star signal), making a breakout difficult. External market sentiment and news are neutral, providing no directional guidance. The main risk lies in the trading volume failing to support an effective breakout, which could lead to a price pullback.
Key Levels:
Resistance: 2841.88
Support: 2814
Strategy Recommendations:
High sell short: Enter near 2835, stop loss at 2845, target at 2815. Rationale: Following the range-bound pattern, betting on a pullback near the strong resistance level.
Low buy long: Enter near 2810, stop loss at 2805, target at 2835. Rationale: Betting on a technical rebound near the key support level.
The above strategies are based on the premise of range-bound trading. If the price effectively breaks above 2845 or drops below 2805, the pattern may change, and the strategy will be invalid. $ETH
