$ETH
Over the past four hours, the ETH/USDT trading pair has experienced notable volatility, influenced by recent geopolitical events and technical market factors.
Recent Price Movements
Ethereum is currently trading at approximately $2,382.60, reflecting a 7.14% increase from the previous close. The intraday range has seen a high of $2,545.51 and a low of $2,181.74, indicating significant market activity.
Key Influencing Factors
Geopolitical Developments: The recent $1.5 billion cryptocurrency theft attributed to North Korean hackers has raised concerns about digital asset security. The stolen funds, primarily in Ethereum, have potential implications for the broader crypto market.
U.S. Policy Announcements: President Donald Trump's announcement to include cryptocurrencies like Ethereum in a proposed U.S. strategic crypto reserve has positively impacted market sentiment, contributing to the recent price surge.
Trading Strategy
Bullish Scenario: A sustained move above the resistance level of $2,646.04, accompanied by increased volume, could signal further upside potential. Traders might consider long positions targeting higher resistance levels, with appropriate stop-loss orders to manage risk.
Bearish Scenario: If Ethereum fails to maintain support at $2,424.72, a decline toward the next significant support level around $2,111.00 is possible. In this case, short positions could be considered, with stop-loss orders placed above recent resistance levels.
Risk Management
Given the current market volatility, it is crucial to employ strict risk management strategies. Setting stop-loss orders and position sizing appropriately can help mitigate potential losses.