2.12 Crypto Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum's trend is largely linked to the overall market. After breaking above the 2700 line yesterday, the overall market has pulled back as expected. Currently, the short-term market is somewhat stagnant, with both bulls and bears taking turns to exert pressure. The price has attempted to rise multiple times but has not been able to break through again. As of now, the market continues to show weakness and fluctuations, with the coin price retracing to the range, currently operating around 2615. The short-term market leans towards a downward trend, so be cautious of the price breaking downwards in the future. It is recommended to focus on short positions during rebounds, with support to watch around 2530 and resistance to pay attention to around 2730.

2.12 Short-term Reference for Ethereum:

Short positions: 2720-2680 short, defend at 2850, stop loss: 2870, target below 2630,

Long positions focus on the 2500-2540 range, stop loss 50 points, target above 2600,

Note that messages may be delayed; strategy suggestions are for reference only. Market conditions change rapidly, and regardless of how confident one is in market judgments, it is essential to manage take profit and stop loss properly for safety.