September 27 ETH price movement prediction


# # 💡 Operation strategy reference

Based on the current market conditions, traders generally recommend adopting a cautious strategy:

- **Main Idea**: Given that the price is operating below key resistance levels, **shorting on rallies** is the main idea for many short-term traders at present. The suggested focus for shorting is around **$4,030 - $4,060**, with targets looking towards $3,950 or lower.

- **Alternative Approach**: If the price falls back to the strong support area of **$3,880 - $3,850** and shows signs of stabilization, consider **going long at low levels** to capture rebound profits.

- **Key Reminder**: **$4,060** is the lifeline for the future. If it can break through with volume and hold this level, the current bearish pattern may fail, and the price is likely to welcome a new round of increase. On the contrary, if it effectively breaks below the support of **$3,880**, it may further explore **$3,600**.
ETH2.22%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)