September 22: Evening ETH Market Analysis
Today's ETH market is experiencing significant fluctuations, with an overall maximum drop of nearly 500 points. This substantial volatility is essentially a deep and powerful washout action targeting the accumulated long profit positions by the main funds in the context of rising expectations for interest rate cuts by the Federal Reserve. The main players are selling part of their holdings to realize funds, accumulating sufficient capital for more flexible and complex market operations in the future.
Although the short-term market is unpredictable and varied, from a macro perspective, the cryptocurrency market is still firmly in a bull market pattern. Looking ahead to the period until early next month, the market trend is likely to enter a consolidation phase. During this stage, the ETH price is likely to fluctuate back and forth within the range of 4100 to 4300, and there will occasionally be attempts to test the support level below.
In facing such a market situation, it is recommended that investors take short positions at high levels as the main operational strategy, fully utilizing the market's volatility characteristics to find suitable shorting opportunities for profit. At the same time, taking long positions at low levels can serve as a supplementary strategy, but it should be clear that this is a very short-term operation, requiring constant flexibility and vigilance, and avoiding blindly holding positions. Before each trade, detailed planning and setting of profit-taking and stop-loss points are essential to pursue maximum profit while effectively controlling risk.