In-depth Analysis and Trading Strategies for Ethereum Intraday Market
The Ethereum intraday market shows a continuous downward trend, with a lack of strength in rebounds exposing its declining momentum. From the market trend perspective, a unilateral downward pattern is becoming increasingly clear. What appears to be a sideways oscillation is, in fact, hiding risks, resembling a preparatory phase for a new round of declines. Currently, a stepwise downward trend has taken shape, and behind the wide-ranging consolidation lies a calm before the storm.
As the previous bearish momentum gradually dissipates, the market's subsequent inertia-driven decline has become a foregone conclusion; a unilateral drop may just be a matter of time. In this market context, investors need to remain patient, waiting for an excellent entry opportunity, adhering to the trading philosophy of following the trend, and decisively taking short positions, thus hoping to capture the benefits brought by this decline.
Afternoon Trading Strategy
It is recommended to directly establish short positions in the range of 2500 - 2550, with a target price looking towards 2400. In actual operations, it is essential to set a stop-loss point, for example, placing the stop-loss around 2580 to guard against the risks of market reversals. Furthermore, given the high risk and high uncertainty in the cryptocurrency market, where conditions can change rapidly, investors should closely monitor market dynamics and adjust trading strategies in a timely manner. One should avoid blind heavy trading to prevent significant losses due to market volatility.