ETHUSDT: Rebound approaches $2,330, short-term pressure starts to appear
I just took a look at the Binance ETHUSDT perpetual contract intraday trend. ETH first pulled back to around $2,312, then rebounded quickly, and is now around $2,329.
This rebound is not weak, and the price has also reclaimed the intraday MA60 ($2,323.55). But around $2,330 is the current rebound’s local high; whether it can break through effectively and hold above it is the key point to watch next.
My view: short-term bearish, with a focus on whether the rally near $2,330 runs into resistance.
My contract plan: short
Reference entry: $2,327-$2,330.
First target: $2,323.
Second target: $2,315.
Stop loss: $2,336.
This plan belongs to intraday short-term trading and does not mean ETH’s medium-term trend has already been confirmed to turn bearish. My idea is to look for pullback opportunities around the rebound high while controlling position size.
If the price continues to hold above $2,330 and keeps strengthening, the short plan should accept the stop loss and no longer stick to the original view.
The most important thing in short-term trading is not to predict every rise and fall, but to define the entry, target, and invalidation level in advance.
Do you think ETH can effectively break above $2,330 this time, or will it pull back again?
#ETH $ETH
I just took a look at the Binance ETHUSDT perpetual contract intraday trend. ETH first pulled back to around $2,312, then rebounded quickly, and is now around $2,329.
This rebound is not weak, and the price has also reclaimed the intraday MA60 ($2,323.55). But around $2,330 is the current rebound’s local high; whether it can break through effectively and hold above it is the key point to watch next.
My view: short-term bearish, with a focus on whether the rally near $2,330 runs into resistance.
My contract plan: short
Reference entry: $2,327-$2,330.
First target: $2,323.
Second target: $2,315.
Stop loss: $2,336.
This plan belongs to intraday short-term trading and does not mean ETH’s medium-term trend has already been confirmed to turn bearish. My idea is to look for pullback opportunities around the rebound high while controlling position size.
If the price continues to hold above $2,330 and keeps strengthening, the short plan should accept the stop loss and no longer stick to the original view.
The most important thing in short-term trading is not to predict every rise and fall, but to define the entry, target, and invalidation level in advance.
Do you think ETH can effectively break above $2,330 this time, or will it pull back again?
#ETH $ETH