$ETH 0816 Contract/Unopened Order/Spot Contract

Ethereum (ETH) Trading Recommendations

1. Trading Thoughts

• Current trend is bearish; it is recommended to short at the high points of the rebound.

• Key support and resistance levels need to be closely monitored to determine whether the trend will continue or reverse.

2. Short-term Trading

• Rebound to the 4530–4560 range: Consider gradually placing short orders.

• Stop Loss: Set about 50 points above the entry point.

• First Target: 4470–4450 area.

• If this area is broken: Look down to the 4350–4330 area.

• If it does not break: Consider buying on dips near the support.

3. Technical Analysis (1 Hour Chart)

• The Fibonacci levels at 61.8% (4550) and 50.0% (4470) are key positions and the watershed for the short-term trend.

• Last night, ETH surged to around 4780 before quickly retreating, indicating heavy selling pressure above.

• If it cannot stabilize above 4470 during the day, the bearish momentum will continue, and it may test the 4290–4310 area again for the bull-bear conversion zone.

📌 From the chart, we can see:

• The 4530–4560 range is a clear resistance zone; if it breaks and stabilizes, it is likely to continue the bullish trend.

• Around 4450 is short-term support.

• The 4330–4350 range is a risk area for downward movement.