7.5 Ethereum Midday Strategy Analysis

Following the narrow range volatility of Bitcoin, Ethereum is also impacted by the U.S. stock market being closed for three consecutive days, currently overall trapped in a fluctuating market. In the context of limited market trading activity, adopting a buy low sell high strategy for Ethereum is the optimal choice in the current market.

Second Coin Strategy:

Buy Long:

Break above 2521, follow the trend to buy long, with a stop loss at 2452;

If the price further dips to around 2400, you can buy long again, with a stop loss at 2375.

Sell Short Strategy:

Once the price breaks below 2490, you can choose to sell short;

When the price rises to 2585, you can choose to enter a sell short position, and if the price breaks 2617, you need to promptly cut losses.

Key Reference Points:

- If the hourly price successfully breaks above 2521, look for 2555 - 2585;

- If the 1 - 2 hour price effectively breaks below 2470, look towards 2430 - 2389.$ETH