Midday ETH Outlook
Long and Short Battle Focus Range
Resistance Level: $2650-$2680
Support Level: $2530-$2550
- Current Position: ETH is currently in a narrow range of $2630-$2640. Attention should be paid to whether it can hold the EMA30 ($2630) support. If it breaks below, it may quickly drop to $2580-$2550; if it breaks above $2650 with volume, it is expected to challenge $2680-$2720.
Trading Strategy
Bullish Strategy:
Ideal Entry Point: $2520-$2480 range, Stop Loss $2430, Target $2580→$2630 (for a rebound);
Right-Side Signal: After breaking above $2650 with volume, go long, Stop Loss $2600, Target $2720.
Bearish Strategy:
Current Price Trial: Short in batches at $2690-$2730, Stop Loss $2760, Target $2600→$2550;
Position Increase on Break: After effectively breaking below $2550, go short, Target $2520→$2480.
