(1) Current status summary
ETH has been relatively active recently, with high market attention. The price is related to BTC but also has its own rhythm, with positive technical signals. Some indicators show the 'oversold rebound' phase, and the ecological development continues to support the price.
(2) Trend data
Increase situation:
Key resistance level: $4330 (recently important resistance level, such as previous highs, trendline pressure)
If it breaks the resistance level and trading volume increases, the target above: first look at $4400, if sentiment is good, may challenge higher price levels.
Factors driving the increase: Major upgrades in the Ethereum ecosystem (such as the advancement of Ethereum 2.0), prosperity in DeFi/NFT and other fields driving ETH demand.
Decline situation:
Key support level: $4110 (key support level, such as previous lows, moving average support)
If it breaks the support level and the trading volume increases, the target below: pointing towards around $4000
Factors leading to the decline: Security vulnerabilities in the Ethereum ecosystem, regulatory restrictions on related applications
(3) Operation reference
Short-term traders:
Short-selling conditions: Price approaches the resistance level of $4330, pay attention to market trends and trading volume, signals of upward resistance appear.
Short-selling stop-loss: Strictly set (for example, $4350)
Long-buying conditions: Price approaches the support level of $4110, signs of stabilization appear.
Long-buying stop-loss: Strictly set (for example, $4090)
Medium to long-term investors:
Buying conditions: Have long-term confidence in the Ethereum ecosystem, believe that the current price has investment value.
Strategy: Buy in batches, pay attention to ecological dynamics and macroeconomic changes, adjust the investment portfolio.
Take profit and stop-loss: Take partial profits at a 3% increase, decisively stop-loss at a 5% decrease.
Summary: BTC is fluctuating in the short term, pay attention to the range of 114000-112000; ETH is relatively active, with 4330-4110 being key. In terms of operations, short-term traders should be flexible in high selling and low buying, while medium to long-term investors should gradually layout and strictly set stop-losses.
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Continuously pay attention to: $ETH
