Afternoon ETH Outlook
Price Level Analysis
Support Levels
1: 2,450 (short-term strength and weakness boundary)
2: 2,424 (critical threshold)
Resistance Levels
1: 2,520 (first resistance level for rebound)
2: 2,555 (trendline resistance, key point for bull-bear transition)
Trading Recommendations
1. Bullish Scenario (breakout upward)
- Trigger Condition: stable volume above 2,520
- Strategy: take a small position to go long, target 2,555→2,600, stop loss below 2,480
2. Bearish Scenario (breakdown downward)
- Trigger Condition: drop below 2,450
- Strategy: short on rallies, target 2,424→2,275, stop loss above 2,480
3. Range Trading Strategy (range operation)
- Range: 2,450-2,520
- Operations:
- Buy low near support level 2,450, target 2,515, stop loss 2,424
- Short near resistance level 2,520, target 2,470, stop loss 2,550
