The rebound potential of Ethereum ($ETH ) has always been a focus of market attention. Currently, the price of ETH is fluctuating below $2800, and the market generally believes that ETH will remain in a range of $2100 to $2800 for consolidation before stabilizing at this price level. The current price is close to previous highs, forming a certain resistance level, which may indicate that the market will enter a period of correction. Therefore, for investors holding low-position long orders, gradually taking profits is a more prudent strategy.
1. If the price of ETH can break through $2800 with a large bullish candlestick, and the support at $2800 does not break during the pullback, then it will be safer to enter the market for rebound trading, as such a trend indicates strong buying power and sufficient market confidence.
2. Currently, the short-term liquidity in the market is mainly concentrated in the range of $2530 to $2495, and it is expected that the price of ETH will retest this support level within this week. If the price can stabilize within this range, it may provide investors with a good buying opportunity.
3. For the short-term trend of ETH, it is recommended that investors set up short positions when top signals appear, with the target price set around $2530. This strategy is based on the expectation of a possible market correction and the testing of support levels.
In summary, the rebound potential of ETH does exist, but there is still uncertainty in the market trend. Investors should remain cautious when operating, paying attention to key support and resistance levels in the market, as well as potential top signals. Meanwhile, it is important to set reasonable take-profit and stop-loss points to manage potential risks.