$ETH 【2.13 ETH Evening Review: Oversold Weak Rebound, Range Trading as the Main Focus】
Today, ETH stabilized during the Asian session, currently reported around $1960, recovering from the US market low of $1896. Affected by the hawkish expectations of the Federal Reserve and ETF fund outflows, it remains in a weak fluctuating state with declining volume.
Key levels are clear: strong resistance at $1990-2010 above, strong support at $1900-1920 below. Before the evening CPI data is released, it is recommended to maintain a light position or observe, and all contracts must include stop losses, with positions not exceeding 20%. Short-term trading should focus on range operations, avoiding chasing highs and cutting losses.
Today, ETH stabilized during the Asian session, currently reported around $1960, recovering from the US market low of $1896. Affected by the hawkish expectations of the Federal Reserve and ETF fund outflows, it remains in a weak fluctuating state with declining volume.
Key levels are clear: strong resistance at $1990-2010 above, strong support at $1900-1920 below. Before the evening CPI data is released, it is recommended to maintain a light position or observe, and all contracts must include stop losses, with positions not exceeding 20%. Short-term trading should focus on range operations, avoiding chasing highs and cutting losses.