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$ETH Brothers, today’s ETH chart is a typical weekend dead water market, with no momentum up or down, don’t think about rushing unilaterally.
The price is hovering around 2300, moving sideways, although the moving averages are bullish, they are flat, and the MACD red bars are shrinking, KDJ is in the middle, neither bulls nor bears can move the market. The main idea is to trade within the range, buy low and sell high, avoid chasing rallies or panic selling.
Weekend liquidity is poor, stop-loss hunts are very common, don’t place stops too close, and reduce your position size by half. Conservative traders wait for a pullback near 2290 to go long, aggressive traders can try a small position at the current price, but don’t go all-in.
Resistance above is 2312-2320, with a maximum of 2330, unable to break through. For shorting, try a small position if it stalls around 2315-2320, don’t be greedy, and exit if it falls back to 2300. Don’t aim for big gains today, take some small profits and run, safety first. $BTC $SOL