Current price of $ETH is 3570, down 2.08% in the last 24 hours, with technical indicators showing bearish signals.
MACD death cross green bars are expanding, RSI has entered the oversold zone but has not reached the bottom, and the middle Bollinger Band at 3628 constitutes strong resistance. More critically, trading volume has shrunk to 277, which is less than 0.3% of MA5, indicating that market sentiment is currently very cautious.
Considering that the ETH/BTC exchange rate is at the 0.054 edge, if it breaks below this position, it indicates relative weakness of ETH.
Currently for Ethereum, the best strategy should be "defensive counterattack" with the first long position set near 3530, and the second at 3500, using a pyramid approach to control risk.
If it breaks below 3480, switch to shorting, so that whether it rises or falls, opportunities can be captured. It is especially important to pay attention to volume changes after 00:00; any rebound without volume is a trap to induce buying.
Three clear strategy proposals:
1. Main strategy, detailed configuration in the chart below:
Currently, there are two plans to refer to: long position at 3530, short position at 3480, with a strict 1% stop loss.
2. Breakout and chase long, secondary strategy:
Trigger condition is volume breakout at 3628, 4-hour middle band:
Position 50%, stop loss at 3600, target at 3680 daily line pressure.
3. Breakout chase short, hedging strategy:
Trigger condition, breaking below the previous low of 3550, position 30%, stop loss at 3570, target at 3480 strong weekly support.
After all, during periods of insufficient liquidity, discipline is the key to survival. I remind you again, at any time of entry, you must strictly adhere to profit-taking and stop-loss to prevent pinning and avoid being caught by spikes.
The above strategies are mainly conservative; the market is variable, so pay more attention to the trends of US technology stocks and on-chain data, and choose entry points based on various indicators. If you still don’t know how to operate when reaching the above points, feel free to leave a message in the comment section below; it’s better than blindly opening positions.