🌞 Ethereum Intraday Trading Ideas!!!

In the early session, ETH retraced to around 2380, showing a spike in volume, indicating clear capital support. The short-term level of 2380 can be viewed as an important support level, and this position should be used as a defensive reference for long positions during the day.

Overall, it continues to operate within the range of 2350-2530, and the trading suggestions are as follows:

Suggested long entry range: 2420-2410

Stop-loss level: below 2370

Short-term target range: around 2480-2500

The US PCE price index, to be announced tonight at 20:30, is likely to have a positive bias. Based on recent inflation data and Powell's statements, the expectation for a rate cut in September has become relatively clear, and market risk appetite may increase.

Currently, ETF-related funds are mainly concentrated in BTC, which shows relatively stable trends. It is recommended that conservative investors closely watch for BTC pullback opportunities and take positions at opportune moments, as it has a relatively high cost-performance ratio for the medium term, suitable for those who do not closely monitor the market.

There are no clear opportunities in altcoins at the moment; I still hold the remaining UNI and STX after the previous reduction and will not increase positions for now.

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