Evaluating the goals for investing in ETH
Forecast for $ETH in the short term and long term
1. Short term (a few days - a few weeks)
• Trend: Slight recovery after hitting the bottom, but still has a risk of further decline.
• Key levels:
• Resistance: 1,900 - 1,920 USDT (if broken, could rise to 2,000 USDT).
• Support: 1,800 - 1,820 USDT (if it falls below, could return to 1,770 USDT).
• Trading strategy:
• If the price exceeds 1,900 USDT with high volume → Buy with a target of 2,000 USDT.
• If it cannot exceed 1,900 USDT → May sell to avoid the risk of price decline.
• If the price returns to 1,800 - 1,820 USDT and bounces up → May consider short-term buying.
2. Long term (a few months - 1 year)
• Trend: ETH is still in a strong downtrend on a larger timeframe (down 45.52% in 1 year).
• Needs to monitor:
• The cryptocurrency market situation in general, especially Bitcoin.
• Important updates from Ethereum (EIP-4844, Shanghai upgrade…).
• Investment strategy:
• If ETH holds above 1,770 USDT and forms a bullish pattern → DCA (dollar-cost averaging).
• If ETH falls below 1,700 USDT, may consider waiting to buy at lower levels (1,500 - 1,600 USDT).
• If ETH exceeds 2,000 USDT, it could trigger a new upward cycle in the long term.
