Based on early trading data, Ethereum's current price is approximately $2260-$2280, having rebounded after a daily low of $2106. From the 4-hour chart, the price is in a consolidation phase following an oversold rebound, but overall still under the influence of a bearish trend. Key levels are as follows:



Intraday Support: 2150-2200 (previous low area; a break below may accelerate the decline)

Intraday Resistance: 2330-2350 (early rebound high; a breakout could target 2400)

Strong Resistance: 2400-2450 (daily moving average resistance zone)

Strong Support: 2100-2150 (a break below would test the 2000 level)

Intraday Bullish and Bearish Strategy Recommendations

Current Market Characteristics: Price is oscillating between 2150-2350, with unclear bullish or bearish direction. Although there was an early rebound, trading volume has decreased, indicating insufficient momentum. It is advisable to adopt a range-bound strategy, wait for key levels to be tested before acting, and avoid chasing moves in the middle of the range.

Long Opportunity (Conditions to be met):

Entry Conditions: Price retraces to the 2150-2200 support zone, showing signs of stabilization (such as a long lower shadow on the 4-hour candle, RSI oversold divergence, etc.), and can be entered with a small position.

Entry Level: 2180-2200 (scale into positions, confirm support validity)

Stop Loss: Below 2150 (confirm breakdown of previous low)

Take Profit Targets:

First Target: 2280-2300 (intraday resistance)

Second Target: 2330-2350 (aim for 2400 after breakout)

Risk-Reward Ratio: approximately 1:2 (stop loss 30-50 points, target 60-100 points)

Short Opportunity (Conditions to be met):

Entry Conditions: Price rebounds to the 2330-2350 resistance zone, showing signs of stagnation (such as a long upper shadow on the 4-hour candle, decreasing volume), and can be entered with a small position.

Entry Level: 2330-2350 (scale into positions, confirm resistance validity)

Stop Loss: 2380-2400 (break above previous high to confirm reversal)

Take Profit Targets:

First Target: 2250-2280 (intraday support)

Second Target: 2200-2220 (if broken, target 2150)
ETH-0.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)