Detailed Analysis
ETH is currently in a short-term downtrend, with prices encountering resistance and retreating around 2800, forming a bearish engulfing pattern, indicating strong selling pressure. The RSI is in the neutral zone and has not been oversold, suggesting that the downward momentum has not weakened. There is buying support in the 2770-2750 area, but the rebound strength is insufficient. Trading volume increases during declines, indicating concentrated selling pressure, while it decreases during rebounds, showing a lack of bullish confidence. The short-term moving average system is in a bearish arrangement, suppressing price increases. It is recommended to monitor whether effective support can be established around 2770; if it breaks down, further declines to 2730 are expected.
Operational Recommendations
Trading Strategy
Intraday Trading
Trading Direction
Bearish, Reason: Prices are constrained by the 2800 resistance level, the moving averages are in a bearish arrangement, the candlestick pattern is weak, and the RSI shows no signs of an oversold reversal.
Entry Strategy
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Suggested entry price: $2785 (confirming pressure below 2800)
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Entry timing: can lightly short before breaking 2770, or wait for a significant volume drop below 2770-2780 for confirmation.
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Position allocation: short-term suggestion of 15-25% of total funds.
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Quick entry: execute immediately after the signal appears without hesitation.
Stop Loss Strategy
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Stop loss price: $2810 (within 2.5% above the entry price, to prevent false breakouts)
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Stop loss reason: if the price rebounds above 2810, it indicates that bearish momentum has failed, and the signal is invalid.
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Maximum loss per trade: no more than 2% of total funds.
Take Profit Strategy
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Target 1: $2750 (the first support level), reduce position by 50%.
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Target 2: $2720 (secondary support), take profit on remaining position.
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Quick take profit: exit immediately after reaching the target, do not chase highs or lows.
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Trailing stop: for every 5-point rise in price, move the stop loss up to the cost price to protect profits.
Risk Warning
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Short-term trading requires close attention to the market, especially when fluctuating in the 2770-2800 range, which can easily trigger stop losses.
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Avoid emotional position increases and holding beyond preset take profit/stop loss levels.
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Pause trading after two consecutive stop losses and reassess market structure.
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Pay attention to the impact of unexpected news on short-term volatility, such as Federal Reserve policies and Ethereum network upgrades.
