Hello friends, today let's talk about the trend of ETH and the thoughts on unwinding trapped positions.
[Current Market Status]
ETH is currently fluctuating around 2645. From the candlestick chart, it can be clearly seen that it has surged from around 1750 to near the 2738 high point, with an astonishing increase. In recent cycles, ETH has been in a high-level consolidation phase, which is a typical "digestion period after a bullish market."
[Trend Judgment]
Bullish pattern remains unchanged: Although there is a short-term pullback, MA7 is still above MA30, indicating that the overall trend remains healthy.
Volume coordination: The trading volume has significantly increased during the rise, and the recent adjustment shows reduced volume, indicating good chip locking, and the main force has not sold off in large quantities.
Technical formation: Currently in a correction within an upward channel, this is a normal trend of "taking a breath after a rise".
[Unwinding Strategy]
Response strategies for different holding situations
For those deeply trapped in the 1750-2000 area: Congratulations on getting through the darkest moment, this wave of market has already freed you and made a profit. It is recommended to set a trailing stop to protect your gains, and you can gradually reduce positions around 2500.
For those trapped in the 2300-2500 area: You are near the cost area, there is no need to panic, you can hold and wait for a rebound while setting a stop-loss at 3% below 2500.
Chasing highs above 2600: Short-term trapped, this is the most uncomfortable position. It is recommended to reduce positions by 30% when rebounding to the 2680-2700 area, and wait for clearer trends with the remaining positions.
Operation Techniques
Batch operations: Whether you hold or want to enter the market, remember the phrase "batch operations" to avoid putting all your eggs in one basket.
Key positions to watch: 2600 is a psychological barrier, 2512 (MA30) is the lifeline, and 2738 is a resistance level. These positions determine the short-term direction.
Indicator coordination: Pay attention to whether MACD shows a death cross. If the MACD red bars continue to shorten, it may indicate deeper adjustments.
[Today's Strategy Summary]
ETH is currently in a healthy correction phase after rising, with no signs of significant breakdown. For those who are trapped, the key is to maintain patience, avoid cutting losses at low levels, and do not blindly increase positions. Remember, a good position is built through "guarding", not through "trading".
I hope the above analysis is helpful to everyone, wishing you all successful investments!
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