Ethereum Intraday Trading Strategy

The core anchor point for long and short trading in Ethereum intraday is the critical price level of 3010, which serves as a watershed for determining whether the 4-hour level adjustment has ended.

If the price effectively breaks through and stabilizes above 3010, it indicates that the current 4-hour pullback cycle has officially concluded, and bullish momentum is expected to be further released. Subsequent upward movements can focus on the stepwise resistance levels of 3043, 3078, and 3115. It is recommended to follow the trend with long positions based on support levels, with target levels for taking profits at different stages.

Conversely, if the intraday closing price is pressured below 3010, it supports the notion that the short-term rebound strength is insufficient, and the market is likely to return to a downward rhythm. Attention should be paid to the three support lines at 2970, 2943, and 2906 below. It is advisable to primarily focus on short-selling at highs, or wait for the support level to stabilize before considering entering long positions.

Intraday trading requires strict control of position size, proper stop-loss settings, and caution against the risk of unilateral fluctuations after breaking through critical levels. $ETH