Rebound meets resistance and continues to fall (higher probability)



- Trigger condition: The price rebounds to the 2345-2350 range and faces pressure, failing to break through the moving average resistance, with a long upper wick candle or consecutive bearish candles on the 1-hour chart.

- Target path:

1. First, pull back to the 2328-2330 support

2. If support breaks, it will test the lows at 2310-2318

3. If support at 2310 is lost, a new round of decline will begin, with a move down to 2300-2294

- Action plan: Reduce exposure and take profit on long positions near 2345; if you have no position, you may lightly try a short in the 2345-2350 range, with a stop loss at 2355 and targets of 2330-2310.

Scenario 2: Stabilize and rebound back into strength (lower probability)

- Trigger condition: The price stabilizes in the 2328-2330 range and breaks through the 2350 moving average resistance with increased volume.

- Target path: After the breakout, it will return to the uptrend channel, targeting the high at 2367-2381.

- Action plan: Hold long positions, and move the stop loss up to 2325; if you have no position, it is not recommended to bottom-buy at the current price. After a pullback to 2330 stabilizes, then consider lightly adding positions again #ETH$ETH
ETH0.28%
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