$ETH Market Analysis and Trading Strategy Current Trend Observation
Recently, ETH has shown strong performance, with key support levels solidifying and market sentiment gradually warming. A strong support level has formed around 1380 for the first half of the year, and there is no need to worry about spot positions. Pay close attention to ETF capital flows; if net buying continues, it is likely to drive prices further upward.
Two Possible Trend Scenarios
① Pullback followed by continued decline
After ETH rebounded to 1825 (the channel midpoint), it encountered resistance and fell back, failing to break through effectively. Bears exerted pressure, causing the price to drop below the 1780 support level and accelerate down to around 1675.
Key Point: If it falls below 1780, short-term traders should be wary of a deeper pullback and monitor the support situation in the 1700-1675 range.
② Consolidation followed by breakout
ETH oscillates in the 1780-1800 range to accumulate positions, forming solid support. With increased buying pressure, if the price breaks above 1850, it will accelerate upwards, targeting 1945 and possibly challenging 2100.
Key Point: If it stabilizes above 1800, breaking through 1850 may initiate a new round of upward movement.
Trading Strategy
Short-term Strategy: Focus on key levels (1780, 1850) throughout the day; the direction of the breakout will determine the short-term trend.
The market is ever-changing, so maintain flexibility in response and enforce strict risk control! 🚀
