Tong Ge 5.11 ETH Strategy


Daily chart level: The upward trend structure remains unchanged, still in the consolidation phase of this round of rally, Bollinger Bands are opening upward, and the price is steadily above the middle band. There are no signs of a major trend reversal, and this rally is far from over.
4-hour level: The technical pullback after the surge is a normal shakeout, and the MACD short-term divergence will only cause a slight correction, not changing the overall trend. Below 2280-2300 is a strong support zone, with extremely limited downside space.
1-hour level: The quick dip this morning is a standard main force trap to induce short positions, aiming to shake out weak hands. It is now approaching a strong support zone, and a rebound and rally could happen at any time.
Linkage logic:
ETH completely follows the overall trend of BTC. BTC is also in a consolidation correction during its upward move. The main trend remains intact. After the correction, both will rise together. Do not be disturbed by short-term fluctuations.
Today’s plan:
Entry: 2290-2320
Stop loss: 2270
First target: 2400-2420 (reduce 1/3 of position upon reaching, with a breakeven stop)
Second target: 2450-2470 (reduce another 1/3)
Ultimate target: 2500+ (hold remaining position for the long-term trend, continue holding if new highs are broken) $ETH
ETH0.55%
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