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ETH market order book trend is dull with no rebound that exceeds expectations, and the overall market continues to trade in a weak-to-bearish sideways consolidation pattern. In the short term, all moving averages are turning down, the MACD continues to run below zero, and the short-side momentum dominates the market. In terms of trading, the core idea is to follow the trend and look to sell (short) on strength; long positions are only suitable for a light position to gamble on short-term rebounds and are not suitable for a heavy allocation to bet on a reversal.
The key strength and weakness ranges are clear: 2330-2350 above is a strong suppression zone; further resistance is concentrated in the 2380-2400 range, so bulls are unlikely to effectively break through in the short term. 2250-2260 below is the core support zone; once it is effectively broken, the market will probe down to around 2220.
Short (bear) strategy:
- Steadily wait for a rebound in the 2310-2330 range and then enter following the trend. Take profit in batches at 2270 and 2240. If price holds above 2360, strictly place a stop-loss and exit.
- Aggressive traders can place shorts in a light position around the current 2290 area. For the short term, look for 2260, with a further move toward 2220. If price breaks above 2320, stop-loss promptly.
Long (bull) strategy:
- Steadily wait for a pullback to 2250-2260 support to stabilize, then add short-term longs. Take profit in batches on the rebound at 2300 and 2330. If price breaks below 2220, exit decisively.
- Aggressive traders can test short-term longs with a small position around 2265. Targets are 2295 and 2315. If 2245 is lost, stop-loss immediately.
Overall, the market is biased toward weak sideways trading. Make sure to strictly control position sizing, avoid heavy positions holding through losses, avoid going all-in to gamble, respect the market’s rhythm, and trade rationally.