Thursday ETH Market Analysis

In the evening, a second rally pushed higher and touched the 2423 level, then faced pressure and pulled back; overall, the intraday market is mainly showing a range-bound, sideways pattern.

A short-term pullback to the support zone of 2340–2370 can be used to set up long trades. On the upside, look to 2397 and 2420 for the near-term stages; if it breaks out, the focus is on the 2460 high.

At the same time, the rebound momentum on the chart is limited. When the price reaches the 2400–2430 resistance zone, it is prone to stall and come under pressure, so you can open short trades with a light position size. For the downside, watch the 2350 key support as the pullback target.

Overall, treat the market as range-bound, with two-way trading mainly driven by both the upper and lower swings, and strictly control position sizes and stop-losses. #Gate13周年现场直击