Ethereum Afternoon Analysis
Market Summary:
The short-term structure of Ethereum is maintaining a consolidation pattern. After a recent pullback to the mid-band, it found support and rebounded, but the volume has not continued to expand. Overall, it remains within a range-bound consolidation pattern, with short-term fluctuations between bulls and bears, suggesting a strategy of selling high and buying low.
Bullish:
Entry Range: Around 2560-2545
Approaching the BOLL mid-band and the low support from four hours ago; if it stabilizes after a pullback, consider a light long position.
Take Profit Target: 2620-2645
Bearish:
Entry Range: 2640-2655
Upper band resistance + rebound meets resistance without breaking; if there is a surge in volume with stagnation, consider trying a short position.
Target Range: 2580-2560
The current structure of ETH is leaning towards consolidation, with short-term forces of bulls and bears balanced. As long as it does not effectively break through 2645, the operation is still recommended to focus on high shorts and low longs within the range, prioritizing defense when the direction is unclear.
Long-term view remains bullish! For those looking to trade long in the short term, you can consider working with beginners for swing trades!
