10.29 Uncle Chen’s Ethereum Outlook
Ethereum surged to 2391 in the early hours today, falling just short of the target—a real shame. After the spike, the price continued to pull back, dipping as low as 2292 and breaking straight through the support level.
Trading always involves ups and downs. One bout of weakness doesn’t mean the trend has reversed. My view remains unchanged: I’m still bullish and won’t turn bearish just because of this pullback.
Trade plan
Go long at 2290–2270
Support level: 2250
Target: 2350–2380 #ETH
Ethereum surged to 2391 in the early hours today, falling just short of the target—a real shame. After the spike, the price continued to pull back, dipping as low as 2292 and breaking straight through the support level.
Trading always involves ups and downs. One bout of weakness doesn’t mean the trend has reversed. My view remains unchanged: I’m still bullish and won’t turn bearish just because of this pullback.
Trade plan
Go long at 2290–2270
Support level: 2250
Target: 2350–2380 #ETH
