ETH Short-term Fluctuations Rising, How to Follow This Rhythm?
Recently, focusing on the 1-minute K-line of ETH, I've found it quite interesting - it has been fluctuating upwards from around 3131 and is now swaying at 3166. Let's briefly discuss the market situation and strategies:
1. What does the trend look like?
Relying on the MA7 moving average to slowly climb, it's not the type of 'straight-line surge' excitement, but more like the 'steady tower push' rhythm, where the bulls are gradually accumulating strength.
2. What signals does the volume hide?
Increased volume during the rise → capital is 'secretly buying,' pushing prices upwards
Decreased volume during the pullback → selling pressure is not great, most people are still holding their positions
3. How to monitor key levels?
Resistance at 3170: Breaking this level may open up new upward space
Support at 3160: If it holds, it continues upwards; if it breaks, there may be a pullback for consolidation
4. How to choose strategies?
Spot traders: Hold on and don't panic! This kind of upward fluctuation, as long as the overall trend isn't broken, just hold and wait for the rise. If you want to increase your position, you can try adding near 3160 on a pullback.
Contract traders: Small positions for a thrill! Light long positions near 3165, set a stop loss at 3160, add to positions if it breaks 3170, and be quick in and out without being greedy.
Altcoin traders: When ETH stabilizes, smaller coins in the ecosystem (like L2, DeFi types) may follow suit, pick a few familiar ones to ambush, and avoid chasing highs.
(The market is like climbing a mountain, taking it step by step, keeping an eye on key levels, and following the rhythm~)
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