September 27th A Xin ETH Weekend Market Analysis
Ethereum showed an overall rebound from oversold conditions over the weekend. It is expected that the weekend period may enter a consolidation phase and achieve a slow upward trend. However, if there is a lack of sufficiently significant positive news support, it will be quite difficult to reverse the situation and initiate a clear upward trend. Although there was a certain degree of rebound last night, the selling pressure above is heavy, making it hard for the price to successfully break through the resistance level.
Regarding the market for today and tomorrow, Ethereum is likely to maintain an oscillating upward trend within the range of 3950 to 4130. Based on this, investors can set up long positions when the price is at a relatively low level and consider shorting at high levels. However, it should be noted that there may be a possibility of downward spikes in the market.
Given the current uncertainty in the market, it is essential to participate with light positions and strictly control risks in actual operations. At the same time, ensure precise control over profit-taking and stop-loss points, with profit-taking set at 30 - 50 points, and stop-loss points set slightly higher to cope with potential market fluctuations.
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