On October 27th, early morning, Tao Ge discusses the second contract: key interval competition, be wary of pullback risks.

The short-term trend of the second contract is currently determined by the results of competition in several core price areas, and market attention is continuously heating up.

Looking above, 4000-4100 is the recent main resistance area. Previously, the price has repeatedly impacted the psychological barrier of 4000 but has not been able to successfully hold above it, indicating strong selling pressure in this area. However, if it can effectively break through and hold above 4100, it is expected to stimulate more buying interest, further testing the higher resistance levels of 4160-4220.

The support below is equally crucial, with 3950-3970 being the first line of defense that needs to be closely monitored. If the price breaks below this area, it may continue to drop towards the vicinity of 3900, which is also where the daily EMA80 moving average technical support lies. Meanwhile, 3742 is a more critical support level, and if it is lost, the downside potential may be opened up, with the next target possibly pointing to 3489.

For operational reference, consider doing a spread in the 4070-4120 range, looking initially at 4020 below, and if broken, further target 3940.

The above is for reference only; please ensure proper risk management. #ETH🔥🔥🔥🔥🔥🔥 $ETH