Midnight View on ETH
Key Levels Focus:
Resistance: $2660-$2680
Support: $2520-$2550
Scenario 1: Technical Rebound
Trigger Condition: Price stabilizes at $2660
Target Path:
Short-term Resistance: $2680-$2700
Rebound Height: $2720-$2740
Scenario 2: Accelerated Downward Movement
Trigger Condition: Price breaks below $2620
Support Verification:
Strong Support 1: $2520-$2550
Strong Support 2: $2450-$2480
Scenario 3: Extreme Volatility
Black Swan Event: U.S. SEC raids ETH staking service providers, large transfers by Mt. Gox creditors.
Impact Range: Price may flash crash below $2300
Operational Strategy
1. Bullish Strategy
Right-side Trading: If the price stabilizes above $2660 with volume, enter long with a light position, stop loss at $2640, target $2700-$2720.
Oversold Rebound: If the price retraces to $2520-$2550, build positions in batches, stop loss at $2500, target $2600.
2. Bearish Strategy
Trend Following: Open short near the current price of $2660, stop loss at $2680, target $2620-$2580.
