Currently, the overall trend is bullish, with short-term corrections. It is recommended to prioritize (buying on dips). Be patient and wait for the price to retrace to the 2135-2140 range to confirm support before entering, which offers a relatively higher win rate.

Use the upward trend on the larger timeframe to enter during short-term pullbacks.

Entry point: Observe the price retracing to the 2,135 - 2,140 range. If signs of a bottoming out appear at this level (such as a small bullish candle, doji, or MACD golden cross), consider going long.

Stop-loss: Set below 2,125. If the price falls below this level, it indicates that the upward structure on the 4-hour chart may be broken.

Take-profit targets:

First target: 2,160 (previous high).

Second target: 2,180 - 2,200 (if the price breaks through 2,160, it opens up new upside potential).

Breakout long (chasing the rally strategy):

Logic: If the price finds support around 2,149 and resumes increasing with volume.

Entry point: When the price breaks above and stabilizes at 2,160, aggressive traders can chase the long.

Stop-loss: Set around 2,145.

Take-profit target: Near 2,200.

Support and resistance turn into each other: Pay close attention to the key level at 2,133. If it breaks below, the trend will shift to sideways or downward, and it’s time to stop going long and switch to waiting or shorting. $ETH