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1️⃣ Post original cont
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.