## Morning Trading Ideas



**Current Price:** $2,294
**Resistance:** 2312–2325 (24H high, strong resistance) → 2350 (daily key resistance)

• **Strong Support:** 2280 (short-term support) → 2256 (intraday low, strong support) → 2210 (daily strong support)

### II. Technical Analysis
**4 hours:** Stabilizing at low levels; the Bollinger lower band at 2250 provides effective support. Rebound volume/momentum is weak—without breaking 2325, it’s hard to see a strong rebound.

**On-chain:** Trading concentration between 2315–2325 is dense; sell pressure is evident. Multiple attempts to break through have failed.

### III. Morning Trading Ideas
• **Overall:** Ranging between 2280–2325; don’t chase highs—go long on dips as the main strategy.

• **Long Positions:** Buy in batches around 2280; stop loss below 2250; targets 2300 → 2325.

• **Short Positions:** If price rebounds to 2320–2325 and hits resistance, consider shorting again; stop loss above 2350; target 2290–2280.

• **BTC Correlation:** BTC current price is 78150. If it breaks below 77500, ETH will likely look toward 2250.

**Conclusion:** In the morning, ETH should trade with a narrow range for repair. The safest option is going long on dips around 2280–2285. If it breaks above 2325, then look for a rebound; otherwise, keep trading the range back and forth.
BTC0.28%
ETH0.75%
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