Can ETH hold at 2600?
Will it head towards 2800 in the future?
In the early session, Ethereum's highest point was around 2635. In the afternoon, Mr. Chen set up a short position, with the lowest dipping to 2580. Later, due to speculation, it fell below 2580, setting a breakeven stop loss. Eventually, the price crept back above 2600, indicating that there has always been a large number of buy orders at this 2600 level.
Earlier, Mr. Chen mentioned that the long positions at the 2600 price level were continuously valid.
However, in the short term, we will make an adjustment based on the intraday situation.
Looking again at the night session, ETH continued to break through the morning highs.
After the market corrected, it stabilized again at 2600.
This morning, it was mentioned that BlackRock has been continuously increasing its ETH holdings, so if ETH can maintain stability at 2600, or even not fall below 2450, the probability of surpassing 2800 this month is extremely high.
For the night, we need to pay attention to two levels: the first resistance is at 2660, and the second resistance is around 2685, which is near yesterday's high.
In the night session, we can look to take a short position near 2660 for a base position. If the price breaks 2660, we will add to our position at 2685. If it stabilizes above 2730, we will exit. If it directly retraces at 2660 or 2685, we will set our target based on the actual situation!!!
