Lack of bullish momentum, limited rebound, high-altitude trading remains the best strategy

ETH Practical Review: Perfect Take-Profit on the 2420 Short, High-Altitude Outlook Unchanged!

The ETH 2420 short position set up in advance has already successfully reached the target level to take profit and exit. Short-term bearish profits are safely locked in, and the market action fully matches expectations with not a hint of surprise.

Looking back at the current chart, ETH is still in a weak consolidation/sideways range in the short term. The downward pressure from the resistance zone above remains undiminished. Going forward, the core idea remains to sell the bounce—no chasing shorts blindly, no bottom-calling too easily—strictly laying out positions based on key levels.

The core sell-off short range going forward remains the same: keep a close watch on two key resistance levels at 2400 and 2380. When the market rebounds into this zone and faces resistance, that’s the opportunity to enter shorts in batches.

The first take-profit target below is 2350. If it breaks, then further down to 2320. Use a laddered take-profit approach to lock in gains and control the trading tempo.

Trading is never about blind speculation; it’s about following the market signals and acting accordingly.

Currently, ETH lacks sufficient bullish momentum, and the rebound strength is limited. The high-altitude strategy is still the best option in terms of cost-effectiveness right now.

On the execution, be sure to manage your position size properly. After entering, set your stop-loss—don’t hold through adverse moves, don’t be greedy, and just execute according to the key levels!

#Gate广场五月交易分享 #Polymarket每日热点 $ETH