【 $ETH Life on the Line: Plunge or Comeback?】
Current Price: 1880
The Ethereum market is at a critical juncture, and the next wave of movement may determine your trading success!
Our in-depth analysis finds that,
ETH is currently precariously positioned at the key monthly support level of $1,920.
If this level is breached, it could trigger a plunge of 300-500 points,
falling straight to $1,635 or even lower.
However, if the bulls make a strong comeback, the resistance levels of $2,088 and even $2,910 are within reach. Are you ready to seize the opportunity?
Professional insights to help you dominate the market:
According to the latest technical analysis from TradingView:
Key Support: $1,920 (monthly level)
——If broken, bears will dominate, targeting $1,635 and $1,615.
Rebound Potential: If support holds, ETH may experience a short-term rebound,
with the first target at $2,088 and the second target approaching $2,910.
Trading Strategy: Bearish Setup: Enter at $1,900, take profit at $1,635 and $1,615, flexibly cycle short.
Bullish Opportunity: Buy low at $1,810, take profit at $1,845 and $1,888.
Technical Signal: MACD shows initial bullish momentum, but trend line break warns of risks; position management is crucial.
Now is not the time to stand by—every fluctuation of ETH is your profit window! Act now, seize the initiative!
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———Update———
Thank you for your support!
If a bottom bounce to 2088 is a buying signal,
it indicates a monthly rebound resistance level of 2910.
Weekly strong resistance level of 2388.
Bearish Strategy
ENT: 1900
TP1: 1855
TP2: 1815
Look for signals to short without a fixed pattern, cycle short.
Bullish Strategy:
ENT: 1810
TP1: 1845
TP2: 1888
No fixed pattern.
This week is likely to be volatile, suitable for grid traders.
The overall direction is bearish. Do not hold positions.
However, it is easy to see sharp fluctuations, making it challenging.
There is still a space of 300-500 points below. Pay attention to position management.
Clear out altcoins quickly. A rebound is difficult in the short term.