ETH Night Trend Analysis and Intraday Strategy ..

ETH quickly fell back to the first support level after breaking through the first resistance level last night, showing a 'high and low' oscillating pattern.

Combining the short-term technical aspects, today we need to focus on the key position of 2548 USD for the contest between bulls and bears:

1. Stabilize above 2548, small-scale upward trend resumes

• Technical Signal: If the closing price on the 1-2 hour level stabilizes above 2548, it indicates the end of the short-term pullback, and the bulls regain control.

• Target Resistance Levels:

◦ First Target: 2585 USD (near three-day high pressure)

◦ Second Target: 2623 USD (200-hour moving average resistance)

◦ Third Target: 2654 USD (mid-April high area)

• Operation Suggestion: If it stabilizes, consider a light long position, with a stop-loss set at 2530 USD (abandon if it breaks), targeting sequential take profits.

2. Losing 2548 may further test support

• Risk Signal: If it continues to fail to stabilize above 2548, be wary of weak rebounds at small scales, and the trend may return to a downward channel.

• Lower Support Levels:

◦ First Support: 2508 USD (last night's low)

◦ Second Support: 2480 USD (50-hour moving average)

◦ Third Support: 2450 USD (late March dense trading area)

• Operation Suggestion: If it breaks below 2548, consider a light short position, with a stop-loss set at 2560 USD, targeting sequentially at 2508 and 2480.

3. Key Observation Points and Position Management

• Time Window: Tonight from 8-10 PM is an important turning point period, pay attention to changes in trading volume (breakout/breakdown is more indicative).

• Position Control: Regardless of long or short, a single position should not exceed 5% of total capital, with stop-loss range controlled at 1.5%-2%.

• Trend Reminder: On the daily level, ETH remains in a wide oscillating range of 2450-2650 USD, be cautious before chasing highs and cutting losses.