Let's talk about the trading strategy for ETH tonight based on #ETH . Yesterday, when ETH rebounded, the trading volume surged, clearly showing that the bulls were gaining momentum, which is usually a strong signal. However, now the volume has decreased again, making it easy to have a false breakout; one could easily get trapped if not careful.
Looking at the MACD indicator, the fast and slow lines have formed a golden cross above the zero line, which seems good, but the red momentum bars are getting shorter. If ETH's price makes a new high next but the MACD does not follow suit, it will definitely indicate a top divergence, which is usually a signal to drop.
Therefore, tonight we will focus on a short strategy. If the price reaches the range of 2630 - 2670, we can decisively short, aiming for a target price of 2570 - 2500. Remember, the key to trading contracts is to set a stop loss; the market changes quickly, so don’t hold on stubbornly. Protecting your capital is the most important principle.