Ethereum surged above $1870 yesterday, briefly breaking through the previous high of $1860, but unfortunately couldn't hold the level. The overall trend is significantly weaker than Bitcoin, failing to keep up with Bitcoin's upward momentum. However, upon closer observation, it can be seen that Ethereum's lows are gradually rising, which is a signal worth noting.
Currently, it is still recommended to primarily look for long positions on pullbacks. If you want to attempt shorting at high levels, be sure to set a stop loss. The upper resistance level is initially at $1870, and after breaking through, watch $1900 and $1950 sequentially. The lower support is at the two levels of $1820 and $1800, where you can consider positioning long orders near these points, targeting $1880.
It is particularly important to note that at 20:30 tonight, U.S. non-farm payroll data will be released. This important economic data often causes significant market volatility. It is advisable to prepare for risk management in advance and be cautious of potential whipsaw movements. It is best to remain on the sidelines before and after the data release, waiting for the market to digest the information before seeking suitable entry opportunities.
