ETH is currently fluctuating around 4220, having shown a pattern of pulling back and then rising for two consecutive days.
The key range now lies between 4220 and 4240, where the market may choose its direction at any time.
1️⃣ Bullish Advantage
4220—4230 is a defensive zone for bulls; as long as it holds, this will be the new bottom;
The upper level at 4240 is a short-term resistance level. Once broken, it is expected to release a wave of bullish momentum, targeting first 4300, then 4350+.
2️⃣ Bearish Risk
If it breaks below 4220 and continues to fluctuate below 4200, it may test 4150—4120 again;
but overall, the bearish scenario is more about a washout and not a trend reversal.
Short-term Strategy:
Holding above 4220 allows for light long positions, increasing the position after breaking 4240, with targets at 4300—4350;
If it breaks below 4200, timely stop-loss is necessary, waiting to re-enter at 4150—4120.
Medium-term Strategy:
Positioning in batches at: 4220, 4150, 4000;
The medium-term target remains in the range of 4600—4800.
Position Management:
For short-term, hold 30% of the position; add to the position once the trend is confirmed by breaking 4240;
Stop-loss point: below 4200.
Summary in one sentence:
As long as ETH holds the range of 4220—4230, the probability of bullishness remains greater, and breaking 4240 may usher in a new round of increases, targeting directly at 4300+.
