#ETH# **1. ETH Contract Operation Plan**

**Current Price**: ~$2,500 (daily key watershed)
#### **Key Position**
| Direction | Price Range | Meaning |
|------------|----------------|----------------------------------------------------------------------|
| **Support** | **$2,456** | 200-day EMA, if broken, may accelerate the drop to $2,302 (50-day EMA) |
| | $2,350-$2,320 | Strong support cluster, last line of defense for bulls |
| **Resistance** | **$2,550** | Short-term breakout point; if it stands above, it will ease the downward pressure |
| | $2,620 | 50% Fibonacci retracement level ($2,787→$2,470), breakthrough or open up rebound space |

#### **Operation Strategy**
1. **Short Position Opportunity** (Higher Risk):
- **Entry**: Test a short position near the current price of $2,500, or wait for a rally to $2,550 under pressure.
- **Target**: $2,456 → $2,350 (take profit in batches).
- **Stop Loss**: Above $2,620 (if broken, the technical outlook turns bullish).

2. **Long Position Opportunities** (need to wait patiently):
- **Entry**: If it breaks out with volume above $2,620, go long; or place an order around $2,320 to bet on a rebound.
- **Target**: $2,720 → $2,780 (previous high area).
- **Stop Loss**: Below $2,300 (to prevent deep retracement).

#### **Risk Warning**
- If ETH falls to $2,000 (-20%), it may trigger **over $336 million in liquidations** (mainly on DeFi lending platforms), exacerbating selling pressure.
- Pay attention to **Pectra upgrade security risks**: Insufficient user education may lead to short-term panic.