Evening Ethereum (ETH) Market Analysis and Trading Strategy Guide
Brothers, the performance of ETH this time can be described as 'extraordinary'! Not only is it sharp during downturns, but its rise is also incredibly fierce, showing a strong potential for 'overtaking on a curve'! The recent surge must have helped many recover their previous losses; although the recovery is limited, it’s certainly better than nothing!
Technical Patterns and Market Trends
From the 4-hour perspective, ETH has been skyrocketing with an almost 88-degree steep incline, far outpacing altcoins! In this market, rather than taking risks with altcoins, it’s better to seize the certain opportunities with ETH—high volatility potential without worrying about the risk of going to zero.
Key Levels and Trading Strategies
1. Right-Side Trading Signals
◦ Long: If ETH breaks through 2357 with volume, one can enter long on the right side, making sure to closely monitor changes in trading volume to confirm the validity of the breakout.
◦ Short: If 2331 is broken with volume and the price fails to recover this level on a pullback, it is recommended to enter short on the right side, while strictly setting stop-loss orders to guard against false breakout risks.
2. Trend Target Levels
◦ Hourly Level: If the price breaks through 2359, the upper space will further open up, with target levels sequentially looking at 2416, 2460, and 2549. If the US stock market remains stable tonight, ETH will likely challenge the 2400 level!
◦ 4-Hour Level: 2293 has become the dividing line for bulls and bears; if it breaks this level, the market will turn to a correction, with support levels at 2248 and 2184.
Medium to Long-Term Key Signals
Do you remember last night's prediction? This morning at 8 AM, ETH successfully stabilized above the EMA50 daily moving average, and not only that, it directly aimed for the EMA200 moving average with a very strong momentum! Let me emphasize again: if the daily price can stabilize above the EMA200 moving average by 8 AM tomorrow, ETH will completely open up upward space, entering 'self-flying' mode!
Correlation Patterns and Operational Suggestions
Observing the recent market, we find that BTC and ETH have shown a 'rotating rise, with sideways movements instead of declines' rhythm—after BTC increases, it consolidates, and ETH takes the lead to rise, and vice versa. In this market, it is recommended to take profits when possible, do not linger in battle, and seize the rotation rhythm to secure gains in time!
The market is highly volatile, so be sure to strictly implement stop-loss strategies and control positions! Wishing everyone to continue seizing opportunities tonight and achieve profits!
