May 20th Ethereum (ETH) Short-term Contract Trading Suggestions
In yesterday's market, we took a big bite again, with orders around the average price of 2330 below 2360, steadily reaching the take profit at 2460 in batches.
In the 1-4 hour cycle, focus on the two key points of 2419 and 2480. When the 1-hour level market pulls back to 2419 without effectively breaking down, it shows an overall upward oscillation trend; if it can stabilize at 2480 after the rebound, it can continue to lay out long positions and seize the market opportunities brought by the bullish resonance. It should be noted that if the price does not stabilize at 2419 within an hour, caution should be taken against the risk of a market reversal.
Support level reference: 2375-2385, 2340-2350, 2305-2320, 2270-2280
In the 1-4 hour cycle, focus on the two key points of 2419 and 2480. When the 1-hour level market pulls back to 2419 without effectively breaking down, it shows an overall upward oscillation trend; if it can stabilize at 2480 after the rebound, it can continue to lay out long positions and seize the market opportunities brought by the bullish resonance. It should be noted that if the price does not stabilize at 2419 within an hour, caution should be taken against the risk of a market reversal.
Support level reference: 2375-2385, 2340-2350, 2305-2320, 2270-2280
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ETH
2,566.17
+3.22%