ETH is currently consolidating around $4640,
with short-term bullish and bearish forces nearly balanced, the market is entering a consolidation phase.
Around $4600, there have been multiple retests without breaking, indicating a short-term safe margin to watch;
At $4680-4700, there is significant resistance above, and a breakthrough may reach around $4800;
Recently, large buy orders have gradually entered near the support zone, indicating that institutions or large players are quietly positioning their bottom positions. During the consolidation period, the movement of funds suggests that the next wave of market action may be driven by bulls breaking out.
Operating Strategy
Conservative: You can lightly position around $4620-4640, with a position control of 50%, strictly setting a stop loss at $4580;
Aggressive: If ETH breaks $4700, you can increase your position in batches, with each position not exceeding 20% of total funds, chasing short-term gains to speculate on a rebound;
Rolling Strategy: Gradually reduce positions to lock in profits during small upward phases, retain bottom positions during downward phases, and wait for the next opportunity to position.
Risk Warning
During ETH's consolidation and fluctuation phase, it is easily disturbed by sudden news or large sell orders. It is essential to control positions and ensure stop losses are in place.
