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#Gate广场五月交易分享 ETH Trading Strategy
Ethereum has been trending downward near 2423, currently in a weak rebound phase after the decline. The 4-hour Bollinger Band middle band resistance is in the 2330~2340 range. If it cannot break through effectively, the rebound is likely to end, and the market will revert to a downward channel. The key support below is in the 2280~2260 range. If this area cannot be broken effectively, it will form a W-bottom pattern looking upward. Conversely, if it breaks below this range, the downtrend will continue toward 2230-2200.
Suggestion: Short positions around 2310-2330, target near 2280-2260, break below to look toward 2230~2200, if not broken, reverse to long.
Market changes rapidly; strategies are for reference only. Use stop-loss and take-profit orders properly. Wishing everyone successful trading!