1. Core Support Level Determines Short-term Trend

Focus on the key support level of 1800 for Ethereum at night (4-hour level):

- Stabilize for longs: If the 4-hour close is above 1800, the bullish pattern continues, and after a small pullback, there is a high probability of continuing to rise;

- Short position if broken: If the entity breaks below 1800, the short-term trend will turn to a correction, and we need to guard against the release of short momentum.

2. Long and Short Scenarios and Key Levels

Scenario 1: Bullish Continuation (not breaking below 1800)

- Upside Target:

- First Resistance Level: 1856 (recent high at 4-hour level);

- Second resistance level: 1881 (daily Bollinger Band upper limit);

- Key Resistance Level: 1903 (weekly dense trading area).

- Trading Suggestion: Light positions can be tried for long if there is a small pullback in the 1800-1820 range, with stop loss set below 1785, and targets successively at 1856, 1881. If it breaks above 1903, keep positions to bet on new highs.

Scenario 2: Short Position Initiation (breaks below 1800)

- Downside Support:

- First Support Level: 1767 (support at mid-May low);

- Second support level: 1742 (daily 200-day moving average);

- Strong Support Level: 1721 (bottom of 4-hour rising trend line).

- Trading Suggestion: After breaking out, stop loss for long positions can be set, and light positions can be tried short in the 1790-1800 range, with stop loss set above 1815, and targets successively looking down at 1767, 1742. If it breaks below 1721, it can chase shorts down to around 1700.

3. Operational Precautions

1. Time Node: Focus on the 4-hour closing situation around 23:00 to confirm the validity of the breakout, avoiding misleading false breakouts;

2. Position Management: Control single trade positions within 20%. After the trend is clear (such as breaking resistance/breaking support), increase positions in batches;

3. Risk Linkage: Pay attention to the flow of funds after the opening of US stocks at night, as well as large transfer data in the cryptocurrency circle, to prevent short-term washout by major players;

4. Take Profit and Stop Loss: Strictly follow the plan, stop loss for longs below 1785, and for shorts below 1815, to avoid emotional trading.

4. Trend Outlook

- Upside Space: If it stabilizes above 1903, there is hope for a mid-term challenge of the 2000 mark;

- Downside Risk: If effectively breaks below 1721, it may pull back to oscillate in the 1700-1680 range.

Summary: At night, Ethereum sees 1800 as the dividing line for long and short positions. Closely track the 4-hour closing signals, act according to the trend, strictly control positions, and prioritize capturing trend opportunities after clear breakouts.$ETH #以太坊走势