$ETH It sounds like you have a solid strategy in place for trading Ethereum (ETH)! Let's take a look at the current market conditions to see how they align with your analysis.

As of now, the price of Ethereum is approximately $2,523.85, reflecting a decline of about 5.70% in the past 24 hours. Here’s a quick summary of the current situation:

Current Market Overview:

Current Price: $2,523.85

24-Hour Change: -5.70%

Trading Volume: Approximately $38.84 billion

Your Strategy Breakdown:

Main High Shorts:

Rebound Zone: If ETH rebounds to $2,560 - $2,600 and faces resistance, consider a light short position.

Stop-Loss: Set above $2,630.

Target: Aim for $2,480; if it breaks down with volume, consider the range of $2,435 - $2,400.

Short-Term Rebound (Aggressive Long):

Stabilization Point: If the price stabilizes around $2,520 and shows signs of stopping the decline, a short long position could be viable.

Upper Target: Reference target of $2,570 - $2,600.

Considerations:

Keep an eye on the four-hour bearish trend as it remains dominant, which could impact the sustainability of any rebound.

Monitoring volume and market sentiment will be crucial in deciding when to enter or exit positions.

How do you feel about the current price action? Are there any specific indicators or news events you're watching that might influence your strategy?

Buy and trade here on $ETH