$ETH
It's been a while since we talked about Ethereum. Ethereum has been in a phase of consolidation recently, oscillating between the 1750-1860 range. Yesterday, the daily line for Ethereum dropped from a high of around 1815 to a low of around 1730, closing near 1795.
For the short term, buying can be considered around 1773-1710, with a rebound target around 1888. A rebound to around 1830 can be considered for selling, with a target around 1790.
The MACD bearish trend still dominates, and the EMA short-term and medium-term moving averages exert significant pressure. This means that as long as the support around 1730 holds, bulls can continue to hold their positions.
5.1 Ethereum Trading Strategy:
1. Buy at 1740-1770, stop loss below 1700, target 1820-1860
2. Sell at 1860-1830, stop loss above 1900, target 1760-1730
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