$ETH Now at 2,607, up 5.83% in 24h.

The high and low points in this period are 2,610 / 2,436, with trading volume of 1.057 billion USDT.

2,436 is the support that needs to be watched right now; if it breaks below, there isn’t any clear place for buyers to step in. Up at 2,610 is the resistance for this cycle. Unless it can break above with volume, any rally should only be viewed as a rebound.

During this stretch, liquidity is on the thin side, so price can be pushed around easily by small orders—wick spikes and stop-hunts aren’t uncommon. If you really do take action, don’t chase the market price with limit orders; and don’t set your stop-loss too close.

First, reduce your position.

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