ETH Strategy Analysis: Relying on Resistance, Layout for Pullbacks
Market Overview: Ethereum has recently shown a pattern of converging fluctuations, with volatility continuing to narrow, indicating an imminent directional choice. Based on the overall technical structure, upward momentum is weakening, leaning towards shorting on rallies.
· Entry Area: 3015 - 3040
· Stop Loss Setting: 3080 (If this position is effectively broken, the strategy becomes invalid)
· Target Levels: First Target 2950, Second Target 2900, Key Support 2870, Ultimate Target 2800
Risk Control Tips: It is recommended to adopt partial profit-taking, and to partially close positions after reaching each target to lock in profits. Please ensure to trade with a light position and strictly execute stop losses.
