$eth5.29 Intraday Trading Strategy

Yesterday, ETH chose to break through the important resistance level of 2700 after testing the support level of 2630 five times. It has previously reached this level three times, and it's uncertain whether it can hold this time. If it doesn't hold, it may continue to oscillate downward for a correction. It can continue to buy on dips within the range of 2630-2700. If it breaks upward again past this morning's high of 2722, it is necessary to consider the 4-hour chart (there may be a top divergence), and be cautious when chasing long positions. If it directly surges past 2738, wait for a pullback to continue buying.

Trading Recommendation: If it does not break this morning's high, look for buying signals on a pullback to the 2630-2700 range. Targets are 2722 and 2738.

After a slight adjustment and breaking past 2722, observe the breakout pattern. If it surges directly and then pulls back to 2630-2700, continue to buy. If it oscillates upward, choose to wait and observe until the 4-hour chart is complete before deciding on a direction. #ETH走势分析