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Jingyi Afternoon ETH Plan: Long at Lows as the Main Focus, Short at Highs as a Supplement
A drop is for a better rise: the current consolidation is to shake out floating positions and bait a dip, giving the long side a good setup.
Correlates with BTC but is relatively weaker; the range is slightly bullish, while the independent market is weak. For the short term: trade within 2310–2370; go long on pullbacks at 2310–2320, with protection below 2270; when rebounding into 2360–2370 meets resistance, short there, with protection above 2400.
If it breaks out: hold above 2400, then look for 2450+; if it breaks below 2270, watch around 2180.
Key Support / Resistance
Support: 2310 (strong), 2270, 2180 (extreme)
Resistance: 2360–2370 (first), 2400 (strong resistance)
Long low above 2310; short short below 2370.
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