ETH range strategy: 2700 is the resistance level that has repeatedly been rejected recently, 2400 is the key support for the medium-term structure, and between them there’s a box range of about 300 points.
Current price 2699 is right along the lower edge of the resistance; it’s up 0.5% in the past 24h and the momentum has cooled off before reaching the resistance. Based on the current price, whether it can close above 2700 and hold is the line dividing long and short: if it can’t break through, the main risk target is a pullback toward 2400 under the box-range idea. If volume picks up and it recovers 2700 and stabilizes, the center of gravity of the range will shift upward, and the weight of 2400’s support will weaken accordingly. In terms of execution, watch 2700—don’t chase after a breakout before it actually breaks.
#ETH
Current price 2699 is right along the lower edge of the resistance; it’s up 0.5% in the past 24h and the momentum has cooled off before reaching the resistance. Based on the current price, whether it can close above 2700 and hold is the line dividing long and short: if it can’t break through, the main risk target is a pullback toward 2400 under the box-range idea. If volume picks up and it recovers 2700 and stabilizes, the center of gravity of the range will shift upward, and the weight of 2400’s support will weaken accordingly. In terms of execution, watch 2700—don’t chase after a breakout before it actually breaks.
#ETH