Ethereum does indeed have rebound demand, but opening longs right now is not worth it. Stay patient and discipline—executing each trade well is what's most important, not forcing trades every single day.
As I mentioned yesterday, I believe the ideal defensive rebound position is around 2030. When I observed significant buying pressure below 2100, I adjusted to break-even and finally closed the position.
So, as a brand new consolidation range, there's absolutely no need to open positions between 2100-2200. Neither longs nor shorts make sense here.
Addressing the rebound question:
Ethereum does indeed have rebound demand, but opening longs right now is not worth it. Stay patient and discipline—executing each trade well is what's most important, not forcing trades every single day.
As I mentioned yesterday, I believe the ideal defensive rebound position is around 2030. When I observed significant buying pressure below 2100, I adjusted to break-even and finally closed the position.
So, as a brand new consolidation range, there's absolutely no need to open positions between 2100-2200. Neither longs nor shorts make sense here.