$ETH Life and Death Battle! $2500 Decides Victory or Defeat, Tonight You May Get Rich or Be Bloodied!
The ETH Bull-Bear Battle is about to ignite! $2500 is the key level, tonight the market will either surge or plummet, be sure to keep a close watch on the market!
Current Situation Analysis:
At the $2470 position, a large buy order of $480,000 (195 ETH) has appeared, forming strong support. If this level holds, the price is unlikely to drop. Above, there is a sell order of 22 ETH near $2471, where both bulls and bears are fiercely battling in this narrow range.
Key Operational Signals:
Conditions for Upward Movement: There needs to be consecutive large buy orders of over 10 ETH, and the large buy order at $2470 cannot be withdrawn. Downside Risk: If the $2470 support is broken, it may quickly drop to $2441, or even $2300.
Potential Target Levels:
Upward: After breaking $2500, the first target is $2559, strong resistance at $2640.
Downward: If the $2441 support is broken, it may drop to $2400 or even lower.
Operational Suggestions:
Aggressive Short-Term Traders: Go long at $2471, set stop-loss at $2468, take profit at $3 and run.
Conservative Traders: Wait for a breakout above $2475, add positions on a pullback to $2469, target $2520.
Short Selling Strategy: Attempt to short below $2465, but be wary of the main force's trap to induce shorts.
Important Reminder:
Currently, the bulls have a slight edge, but it is very weak; a significant market movement may occur tonight. Remember two key levels:
Hold above $2470, the upward trend remains intact; breaking below $2441 may trigger a significant drop.
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