$ETH $BTC Currently, ETH is maintaining a range-bound oscillation, with fierce battles between bulls and bears on the charts. The price has seen a slight short-term rebound, showing relative resilience, but upward momentum is waning, and the key resistance level above is clearly under pressure.
In terms of short-term trading strategy, I suggest prioritizing the range-bound operations and avoiding blind chasing of highs or lows. If we see a pullback stabilizing at key support levels, we can consider light positions for a short long play. However, if the strong resistance above fails to break, then we should plan for a short sell strategy.
Key levels to watch are the resistance range of 2390-2400 above and the support range of 2300-2340 below. If these levels break, we can follow the trend accordingly. It's crucial to set strict take-profit and stop-loss levels to manage position risks, as the current market is moving quickly, so participate with caution.
In terms of short-term trading strategy, I suggest prioritizing the range-bound operations and avoiding blind chasing of highs or lows. If we see a pullback stabilizing at key support levels, we can consider light positions for a short long play. However, if the strong resistance above fails to break, then we should plan for a short sell strategy.
Key levels to watch are the resistance range of 2390-2400 above and the support range of 2300-2340 below. If these levels break, we can follow the trend accordingly. It's crucial to set strict take-profit and stop-loss levels to manage position risks, as the current market is moving quickly, so participate with caution.