$ETH Current price is around 2670. After the failed attempt to break through 2800, it entered a consolidation phase. But everyone should note: the daily trend has not been broken. This is not one-way decline; it is consolidation and repair after an up-move.
At present, the short-term intraday pressure for ETH is around 2700–2720. This is the short-term pivot between bulls and bears. If it cannot break through effectively, further rebounds will more likely give shorts opportunities.
Next, pay close attention to the area around 2650. If this level holds, ETH still has a chance to retest 2700 and even 2800. If 2650 breaks down, the market will further seek 2620 and possibly 2550.
Suggestion: consider shorting near 2700 on the rebound. Take-profit/stop-loss: stop loss is 30 points;
If there is a pullback to 2650–2620 and it shows signs of stabilization, then consider a short-term long.
Do not chase orders in the middle of 2670.
The bigger trend is bullish, but in the short term it’s a corrective/consolidation phase. 2700–2720 is the defensive zone for bears.
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At present, the short-term intraday pressure for ETH is around 2700–2720. This is the short-term pivot between bulls and bears. If it cannot break through effectively, further rebounds will more likely give shorts opportunities.
Next, pay close attention to the area around 2650. If this level holds, ETH still has a chance to retest 2700 and even 2800. If 2650 breaks down, the market will further seek 2620 and possibly 2550.
Suggestion: consider shorting near 2700 on the rebound. Take-profit/stop-loss: stop loss is 30 points;
If there is a pullback to 2650–2620 and it shows signs of stabilization, then consider a short-term long.
Do not chase orders in the middle of 2670.
The bigger trend is bullish, but in the short term it’s a corrective/consolidation phase. 2700–2720 is the defensive zone for bears.
Follow me and I’ll keep sharing more trading content~~~~#美联储10月加息概率升至69.7%
