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Is Ethereum heading to 2700? What should I do if my short position is trapped? Is there still hope to recover? Where should I take profits on long positions? Can I still short?
Recently, Ethereum reached a high of around 2460. Although it looks strong, I don't believe Ethereum will further push up to 2700. Even if the market continues to rise, I think the highest will not exceed 2620. I even believe this round of market may have already reversed. So for those holding profitable long positions, I suggest taking profits first.
For those with trapped short positions, you can add to your position at the entry points I will provide next, no need to panic.
From a technical perspective:
Ethereum’s 4-hour and daily charts both show divergence at the same time. The major and minor timeframes are resonating. This gives reason to suspect that the market has completed its reversal and is now heading downward.
Let's break it down further: the 2280 level for Ethereum is a strong support. Even with positive news, it hasn't broken below this level, as it is the most recent strong support in this rally, a psychological price barrier.
The lower boundary of the 2260 range, once broken, would signal that this trend has completed and reversed.
For specific trades, during the night session, consider short positions around 2350 to 2380, with a re-entry at 2420. Keep position sizes small, aim to catch the top. Once short positions are established, watch for a break below 2280; if volume increases and it drops sharply, hold on, and target 2230 and 2180.
(Conservative traders can wait until after the 2260 support breaks to look for rebound entries to short.)
The Bitcoin trend is similar, but Bitcoin is stronger than Ethereum, so entry points should be more conservative. You can short at 76,800 and add at the double top around 78,000.
Bitcoin’s strongest support is near 73,800. Currently, it still seems far away, but support is meant to be broken—distance doesn’t mean it can’t be broken. Anything is possible. $BTC $ETH #美伊局势和谈与增兵博弈