The Ethereum rebound market is like a wild horse that has broken free, soaring directly from 2075 to 2500 without looking back, and now taking a breather around 2330.
The daily line is steadily above the key level of 2150, and the MACD red bars are still expanding, indicating that the main force has no intention of stopping. However, the 4-hour chart has started to play tricks; that large bearish candle plunging from 2490 to 2270 looks frightening. Now 2420 has become a short-term ceiling; although the indicators suggest it is a bit overheated, the overall trend is still heading upwards.
If you want to get on board more steadily, wait for a pullback to the 2200-2230 range to slowly build your position, setting a stop loss at 2180; right now, trying a small position at 2335 is also okay, with a 30-point stop loss for a short-term trade; as for those wanting to short at the top around 2420-2450, remember that if it breaks 2480, you must admit defeat.
The key position at 2000 is the bull-bear dividing line that must be closely monitored, and 2745 is the next target level. Once it breaks through, it can aim for 2800.
This market fears two types of people: one is those who sleep at night without setting stop losses, making it easy for the main force to launch sneak attacks; the other is the greedy ones who try to swallow the elephant, unwilling to leave when they have made a profit, ultimately ending up losing money. Remember, this is Ethereum's home turf; a sharp drop is an opportunity to make money, but don't bet your life on a heavy position—there will be more opportunities as long as you have some reserves. Rebound markets often come quickly and leave just as fast; when you make a profit, remember to take it promptly, and don't wait until the market cools down to regret not taking profits.