Long text analysis of Ethereum's advantages in going long
Ethereum has surged strongly today, breaking through the resistance level of 3220 with a high of 3394 USD, leading mainstream coins.
📊 Criteria for going long
The recent rebound is accompanied by a moderate increase in trading volume, and the ETF has seen net inflows for two consecutive days (totaling over 470 million USD), indicating a recovery in institutional demand. On-chain Gas fees remain low, retail trading is sluggish, and the major players have sufficiently washed out.
💡 Strategy suggestions
If the price retraces and does not break the support zone of 3220-3100 USD, it may form a buying point, with 3220 as the first entry point, then adding positions at 3150, with a stop loss at 3050. Although this appears to have a stop loss of 170 points, due to the significant volume breakthrough, the accuracy is higher and worth the risk. Additionally, the major resistance above is at 3650, with a high profit-loss ratio of 400 points (Ethereum's pin risk should not be ignored, so if going long at this time, position size should be reduced and stop loss should be widened).
🤓 Do you think ETH will stabilize at 3200 USD this week or will it pull back to test support? Share your views in the comments!
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