Ethereum has been quiet for so long, and it is about to break out of the range at the daily level. If the fluctuation zone is broken, the price of Ethereum may directly break upwards to 1800, of course, this is based on the premise that Ethereum can effectively break through.

Ethereum mentioned yesterday that it is recommended to buy around 1580 and 1550, and it was actually possible to buy at these levels, with a dip just below 1550.

Now that Bitcoin has broken 90,000, it is driving the market to start recovering, and the bullish momentum has just begun. Currently, the trading strategy is mainly to buy on pullbacks. Ethereum's recent rebound has not yet broken the 15-minute high of 1658, and the possibility of a second breakout after a pullback is greater. For Ethereum, trying to enter long positions at 1620 and 1600 during pullbacks is advisable, with a stop loss set at one point. Those who bought at the bottom yesterday can reduce their positions near 1660 and wait for subsequent pullback rebounds. Currently, the main strategy is to buy on pullbacks, and short positions should only be taken near key resistance levels.

Trading Strategy

Short near the current price, betting on a false breakout or weak breakout, with a stop loss at 1660.

Support levels below are 1600, 1580, and 1550, where rebounds can be made, with a stop loss of one point. If the breakout is ineffective, continue to operate within the range.