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ETH's recent high-range narrow fluctuation is simply playing a "boiling a frog in warm water" style shakeout! ๐ธ After surging to 2341 and then pulling back, the price has been hovering around the moving average near 2325, with bulls supporting the market on one side and washing out the weak hands on the other, fully controlling the market sentiment.
๐ Here are some strategies for everyone: #LayerZeroๆฟ่ฏบ่ถ 1ไธๆETHๆฏๆAave $ETH
โ Long position approach: As long as the key support at 2320 holds, you can lightly buy on dips, with a stop loss below 2317, first target the previous high at 2335, and after breaking through, directly look at the 2345-2350 range.
โ Short position approach: Currently, the bullish trend is strong, do not touch short positions unless the price directly breaks below 2319 and continues to weaken, then consider lightly shorting; otherwise, itโs just going against the trend and risking getting caught.
โ Position reminder: This is a typical phase of upward consolidation and accumulation; holding with a light position is more stable than full leverage trading, donโt get shaken out by minor pullbacks within a few minutes.
๐ก To summarize: The 15-minute moving averages are all in a bullish alignment, no new lows on pullbacks, sideways consolidation is just to prepare for the next surge, as long as 2319 is maintained, a new rally could start at any time!