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ETH Intraday Outlook
The bullish channel range has been tested 5 times; but every pullback has consistently received support from the lower band of the channel.
This afternoon, it pushed higher again to 2411, and then pulled back. For long positions, pay attention to【2440】; if it forms effective support, a breakout can be viewed toward the upper band of the channel【2500】nearby.
Due to positive news, tonight the US stock market is very likely to see another round of upside surge.
At present, there is a short-position setup; watch【2500】. If it breaks through and forms an upward wick, and the close remains within the channel, you can try entering. Below, watch around【2420】; if it continues to break down, then watch around【2330】. If it breaks below, a bounce-back fails to hold effectively, the downside space is extremely large—so you can hold for a period of time. #eth