ETH Trading Strategy for July 29
1. Short Order
• Entry: 2,447
• Stop-loss: 2,500
• Take-profit: 2,388
• ✅ Strategy: ETH price is touching a strong resistance zone of 2,445–2,460 – where there has been clear selling pressure in previous movements. The level of 2,500 is a clear boundary for breaking the structure.
• ⛔ Warning: If BTC strongly breaks above 108,200, ETH may break 2,500 subsequently – at that point, the Short will be invalidated.
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2. Long Order
• Entry: 2,390
• Stop-loss: 2,350
• Take-profit: 2,430
• ✅ Strategy: Bottom fishing around the short-term support of 2,380–2,390. This is the area ETH has reacted multiple times, combined with the Fibonacci zone and MA on the 1h–4h timeframe.
• ⛔ Warning: If it breaks below 2,350, ETH is at risk of quickly dropping to the 2,280–2,300 range.
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✅ Probability Assessment:
• Short: ~60% (preferred since the price is near strong resistance)
• Long: ~40% (only consider when the price tests exactly the 2,390 zone with a reversal signal)
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📌 Note on BTC Synchronization:
• If BTC breaks above 108,200 → Do not enter Short on ETH
• If BTC breaks below 105,800 → Do not Long ETH
• ETH is closely following BTC, do not trade independently without clear signals from BTC.
The strategy is suitable for short-term scalping–swing, strict risk management is essential.