Ethereum tonight's trend will most likely move as follows!

Failure to break through 2175, combined with uncertainties in the US stock market, leads major players to take profits.
Trend: The price will gradually decline from around 2160, retesting the 2,130 - 2,140 range (near the upper band of the 4-hour Bollinger Bands), or even further retesting 2,113 (1-hour middle band support), repairing overbought indicators and gathering strength for another upward push.

If the US stock market opens weak (affected by Middle East tensions and rate hike expectations), ETH will find it difficult to remain unaffected. The current rally followed by a pullback may be due to the weakening sentiment in US stocks.

Funds may be flowing from high-risk cryptocurrencies into USD or gold for safe-haven.

It is recommended to adopt a strategy of shorting high and longing low, mainly focusing on short positions.

Short-term shorting (to profit from a pullback)

Entry point: Light short positions around 2155 - 2160 at the current price.

Stop loss: Set at 2176 (a little above the previous high). If the previous high is broken, it indicates strong bullish momentum, and short positions must be closed.

First target: 2135 - 2140 (support at the upper band of Bollinger Bands).

Second target: 2120 (if US stocks plunge, this level may be reached).

Risk-reward ratio: approximately 1:2, offering good value.

Tonight's core strategy is defensive. Currently, there is strong resistance above 2160, and the macro environment is bearish. It is not advisable to chase longs at the current price. Be patient and wait for a pullback to around 2130-2140 to observe support, or attempt short positions at the current price to profit from a pullback. Strictly set stop losses!#加密市场行情震荡 $ETH