Family, who understands! Last night ETH's pull directly left people feeling spirited! At two in the morning, I was still staring at the market, afraid of missing key signals—sure enough, it bounced off the support line at 2960-2970 with a wave of 'extreme dancing', rebounding without breaking, which directly set the tone for today’s market! I estimate many new friends were scared and wanted to cut losses last night, while the veterans were secretly taking notes; this is the 'information gap' in the market, and it's also the key to our profits!
Let me first break down last night's support test logic: Recently, ETH has been jumping around the 3000 mark, with both bulls and bears gathering strength. Last night's dip felt more like the bears' 'final test'—testing whether the previously validated support level of 2960-2970 is strong enough. From the results, this support level managed to withstand the pressure; although the rebound wasn't fierce, it at least indicates that there is capital supporting below, and this is not a one-sided downtrend. This point is very important, directly ruling out the extreme situation of a 'breakdown and crash', leaving us with sufficient safety margin for today’s operations.
Let's discuss today's core focus—3030 level! Why do I say that standing firm above 3030 and pushing up is inevitable? Everyone, open the market and take a look, 3030 is the upper pressure level of the recent sideways range, and it's also the 'watershed' for short-term bullish and bearish battles. If we can steadily stand above 3030, it indicates that the bulls have gained the initiative, and the next target is very clear, which is the 3090-3130 range. This range is a previous area of intense trading, and it is also the profit space we can focus on. But I want to remind you that 'standing firm' is not about watching a breakthrough for a few minutes; it's about observing whether the hourly closing is above 3030, and whether the trading volume is increasing. Breakthroughs without volume are 'false breakthroughs' and can easily lead to pullbacks that trap people.
In terms of operational thinking, I have divided plans for friends with different risk tolerances: conservative players should focus on 3000 as the core support level, and the entry point can be chosen in the 3000-3010 range, with the defensive position set directly at the tested 2960-2970 from last night. If this position is broken, it indicates that support has failed, and we should cut losses and exit in time to avoid greater losses; aggressive players can chase long positions with a small amount if they see 3030 effectively break through with increased trading volume. The initial target is 3090, and after reaching it, reduce half of the position, moving the stop loss of the remaining position to 3030, and ride the trend to make a wave of 'trend money'. Additionally, note that day trading usually has less volatility, and it's likely to be sideways consolidation. Avoid frequent trading during the day as it's easy to get swept out, and patiently wait for key levels to appear before acting.
Finally, let's mention the long-term pressure level—around 3200. This level is the recent market's 'ceiling', and it's very difficult to break through directly in the short term. Therefore, the core of our operation this time is 'swing trading', not chasing long positions. Making a profit from 3030 to 3090-3130 is already a high cost-performance ratio, so don't be greedy thinking about rushing directly to 3200. The secret to making money in the market has never been about 'earning the most', but rather about 'earning steadily'.
To summarize: today's ETH market logic is very clear, support is at 2960-2970, the key watershed is 3030, and the target is 3090-3130. Be patient during the day, and don't act rashly; wait for key levels to appear before taking action, and maintain stop losses without being greedy. I will be monitoring the market before it opens, and if there are any sudden situations, I will remind everyone in the comments section immediately! If you find this analysis useful, don't forget to like and follow, as I will share more core signals and operational ideas, following the experienced traders to make money and avoid detours! Do you think ETH can stand firm at 3030 today? Let's discuss your views in the comments! Follow me @链上标哥 so you don't get lost!
