1. Analyze trends in the next 24 hours
Currently, the price of Ethereum (ETH) is trading around $1,795.25, slightly up 0.18% in the past 24 hours.
The technical chart shows that ETH is maintaining a short-term upward channel, with strong support at the $1,760 area and resistance near $1,820.
Recommended Future strategy:
Prioritize Long when the price tests the $1,760 support and there is a confirming candle signal.
Cut losses below $1,745.
Take profit target $1,820 - $1,850.
Alternative scenario: If ETH breaks below $1,745, consider Shorting towards the $1,700 area.
2. Long-term investment strategy
In the long term, Ethereum remains the leading platform for decentralized applications (DApps), DeFi, and NFTs.
The Ethereum 2.0 network upgrade helps reduce transaction fees and scale up, reinforcing strong growth potential in the coming years.
Long-term strategy:
Hold Ethereum with a 2-3 year vision, prioritize accumulating purchases at major support levels below $1,700 if there are corrections.
3. Major news in the past 24 hours
A whale has bought 10,051 ETH and is using the Aave protocol to optimize profits, indicating accumulation signals from a large investor.
$ETH