Evening Outlook
2. Ethereum (ETH):
- First Support Zone: $2450 - $2480
(Short-term moving averages and Bollinger Bands middle support; a bounce may occur if it drops to this level; if it breaks below, it may test the previous low support at $2380 - $2400)
- Strong Support Zone: $2300 - $2350
- Resistance Levels (price may encounter a 'ceiling'):
- First Resistance Zone: $2530 - $2550
- Strong Resistance Zone: $2600 - $2650
Bullish Strategy
- Conservative (safety first, suitable for beginners):
- Buy Timing: When the price retraces to $2450 - $2480, buy in several batches (gradual accumulation to reduce risk).
- Stop Loss: If it falls below $2400 (first support fails, it may continue to drop towards strong support), sell decisively to cut losses!
- Target: Sell a batch when it rises to $2530 (first resistance zone, may encounter pressure), then sell a second batch at $2550 (to see if it can break through).
- Aggressive (capitalize on correlated rises, high volatility):
- Buy Timing: When the price stabilizes at $2480 and Bitcoin rises simultaneously (correlation effect, BTC rises making it easier for ETH to rise), chase the rise with a light position.
- Stop Loss: If it drops below $2450 (the support just established has broken, may be a false rebound), sell immediately, do not hesitate!
- Target: Take profit when it rises to $2530 (first resistance zone, take gains).
Bearish Strategy
- Conservative (prioritizing safety, afraid of chasing highs):
- Short Timing: When the price rebounds to $2530 - $2550 (rising to resistance zone, high pressure), short in several batches (betting on a drop).
- Stop Loss: If it breaks above $2580 (resistance level has been broken, may continue to rise), quickly cut losses, don’t hold on!
- Target: Take profit when it drops to $2450 (first support zone, may bounce), then drop to $2400 (lower support zone).
- Aggressive (capitalize on accelerated declines, high risk):
- Short Timing: If the price falls below $2400 (first support broken, trend turns bearish), rebound to around $2420 (retest confirms pressure), try shorting (light position trial).
- Stop Loss: If it rises back to $2450 (decline trend reversed, may be a false drop), cut losses immediately to prevent wider losses!
- Target: Take profit when it drops to $2350 - $2380 (strong support zone, high risk, take gains).
(Note: The above is personal interpretation and does not constitute investment advice!)
