#ETH Let's talk about ETH's strategy for tonight! Yesterday, when ETH rebounded, the trading volume suddenly increased, and it was obvious that the bulls were gaining strength, which was originally a strong signal. But now the volume has shrunk again, making it easy to have a false breakout, and if you're not careful, you might get trapped, so be cautious!
Looking at the MACD indicator, the fast and slow lines have formed a golden cross above the zero axis, which looks good, but the red momentum bars are getting shorter. If ETH's price hits a new high next, but the MACD doesn't follow suit, then a clear top divergence will appear, and this situation usually signals a drop.
So tonight, we will still focus on a high short strategy. If the price reaches the range of 2630 - 2670, we can decisively short, with a target price of 2570 - 2500. Remember! The most crucial thing about trading contracts is to set a good stop-loss; the market changes quickly, so don't hold on stubbornly. Preserving your capital is the hard truth!