ETH early market analysis

1. Long Position Strategy

• Long Point One: Around 3550 (previous low at 3560, integer support moved down by 10 points for buffer, in accordance with integer level rules)

• Long Position Point 2: Around 3500 (Key psychological level, resonating support with the EMA 120-day moving average)

• Long position stop-loss point: 3460 (the structural breakdown point after breaking the 3500 level, 40 points away from the long entry point, which is 80% of the 50-point distance between long entry points)

2. Short Selling Strategy

• Shorting point 1: Around 3650 (current EMA7 at 3617.5 integer resistance level overlaps, previous wave peak 3673 selling pressure area shifts down as a buffer)

• Short point two: around 3700 (below the round number of 3725, which is the swing high on November 3 at 19:00, under the pressure of the EMA30 moving average)

• Short stop-loss point: 3750 (after breaking 3700, the upper range of 3725-3750 is a dense transaction area, stop-loss covers the previous high)