🈴 Key Support and Resistance Levels $ETH
Level Resistance Support
Immediate (24‑48 hours) 3,031 (20-day SMA and Bollinger Band midline) 2,891‑2,920 (24-hour low and psychological level)
Secondary 3,000 (psychological level), 3,345 (previous resistance) 2,775 (Bollinger Band lower line), 2,623 (further downside target)
Long-term 3,500 (EMA resistance), 4,000 (historical high area) 2,400 (volume support area)
🧠 Trading Strategy and Suggestions
Short-term (1 hour/daily):
Mainly wait and see, price is in a key support area, direction is unclear.
If it rebounds to 3,000‑3,031, a light short position can be attempted, with a stop loss set at 3,150.
If it breaks below 2,891, follow the bears, target 2,775‑2,623.
Mid to Long-term (daily/monthly):
📌 Wait for confirmation signals: If the monthly close can remain above 3,000 or form a double bottom structure, consider building positions in batches.
Dollar-cost averaging strategy: If optimistic about ETH's long-term value, consider gradually investing in the 2,400‑2,600 range.
Strict stop loss: Regardless of long or short positions, it is recommended to set stop losses within 3‑5%.
Risks:
Although the decline in exchange reserves has reduced selling pressure, the price still needs to break through the 3,000‑3,031 resistance zone to reverse the short-term weakness.
The derivatives market is crowded with longs, and caution is needed to prevent chain liquidation risks caused by rapid declines.
