The Ethereum (ETH) market has experienced significant changes today. The daily chart trend line has been broken, leading to a sharp fall in the morning session. However, investors should closely follow the potential rebound that may occur.



Currently, the operating strategy mainly focuses on shorting at high positions. However, it is important to note that when the price approaches the weekly support area, a long position can be considered.

Specifically, Ethereum may pull back to the 4300-4270 area below, where a long position can be attempted. The resistance level above is in the 4490-4520 area.

This market volatility reflects the high uncertainty of the cryptocurrency market. When formulating trading strategies, investors need to comprehensively consider technical analysis, market sentiment, and macro factors to make informed decisions.

At the same time, it is crucial to always remember the importance of risk management. In such a volatile market, setting reasonable stop-loss levels and profit targets is essential. Closely monitor market trends and adjust strategies in a timely manner to steadily move forward in this market full of opportunities and challenges.
ETH-2.03%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 22
  • Repost
  • Share
Comment
0/400
SatoshiNotNakamotovip
· 3h ago
Cut Loss out.
View OriginalReply0
0xSleepDeprivedvip
· 16h ago
Just this wave, follow in.
View OriginalReply0
GateUser-ad07d7cdvip
· 09-22 14:41
Just go for it💪
View OriginalReply0
GateUser-ad07d7cdvip
· 09-22 14:41
Brothers, how much is the maximum profit from today's control?
View OriginalReply0
GateUser-e87b21eevip
· 09-22 01:51
This wave isn't a loss, it's a gain!
View OriginalReply0
StablecoinEnjoyervip
· 09-22 01:50
Spot trading is the way to go.
View OriginalReply0
WalletWhisperervip
· 09-22 01:50
statistical patterns suggest 4300 is the algorithmic footprint... watching closely
Reply0
GweiWatchervip
· 09-22 01:45
The rebound of this trend at the bottom is understood by those who understand.
View OriginalReply0
GateUser-c799715cvip
· 09-22 01:43
Keep trapping until it explodes!
View OriginalReply0
TheBigSwallowIsBeamivip
· 09-22 01:26
Steadfast HODL💎
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)