Good afternoon everyone, it is now 3:30 PM, let's talk about the trend analysis of ETH.
The current price of Ethereum is hovering around $2802. From a technical perspective, it is highly probable that it will first test the resistance level above 2830 in the evening, and there is even a possibility of hitting the range of 2860-2880. At this stage, it may be wise to consider building a light long position, with a suggested stop-loss set at the 2760 level.
However, it is important to note that—overall directional judgment remains bearish tonight. If the price does indeed rise to a high level first, it would actually provide a better shorting opportunity. In extreme cases, a drop of ETH to 2500 tonight is within the expected range. Therefore, the strategy needs to be flexible: once a rise followed by a fall is confirmed, one can decisively short, which is the main direction.
The market rhythm in recent days has basically been within the anticipated range. Interested friends can refer to my previous analysis posts, as the timelines match. I am not conducting real trades in the square, just sharing my views. The trading screenshots I posted occasionally were just casual records, so please view them rationally.
Currently managing trading strategies for more than a dozen accounts, overall maintaining a profitable state. Experienced friends are welcome to communicate and verify together, see you in the evening market!
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.
14 Likes
Reward
14
4
Repost
Share
Comment
0/400
SandwichVictim
· 7h ago
I've seen the pattern of rising first and then falling a hundred times, just afraid this time it really breaks 2500.
View OriginalReply0
WhaleStalker
· 7h ago
I'm tired of the pattern of rising first and then falling; I'd rather bet on the knife at 2500.
View OriginalReply0
0xLostKey
· 7h ago
Well, this wave does look like a bull trap.
It's the same old routine of spiking high and then big dump. This guy is not wrong, just afraid that retail investors will get trapped again.
View OriginalReply0
quiet_lurker
· 7h ago
The pattern of rising first and then falling is indeed familiar; I'm going to lose my hair again.
Good afternoon everyone, it is now 3:30 PM, let's talk about the trend analysis of ETH.
The current price of Ethereum is hovering around $2802. From a technical perspective, it is highly probable that it will first test the resistance level above 2830 in the evening, and there is even a possibility of hitting the range of 2860-2880. At this stage, it may be wise to consider building a light long position, with a suggested stop-loss set at the 2760 level.
However, it is important to note that—overall directional judgment remains bearish tonight. If the price does indeed rise to a high level first, it would actually provide a better shorting opportunity. In extreme cases, a drop of ETH to 2500 tonight is within the expected range. Therefore, the strategy needs to be flexible: once a rise followed by a fall is confirmed, one can decisively short, which is the main direction.
The market rhythm in recent days has basically been within the anticipated range. Interested friends can refer to my previous analysis posts, as the timelines match. I am not conducting real trades in the square, just sharing my views. The trading screenshots I posted occasionally were just casual records, so please view them rationally.
Currently managing trading strategies for more than a dozen accounts, overall maintaining a profitable state. Experienced friends are welcome to communicate and verify together, see you in the evening market!