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Brothers, today ETH price is hovering around 2,334 dollars, moving sluggishly. But there's one shocking data point: a big whale transferred over 570k ETH to exchanges in one go, worth more than 1.3 billion dollars. This move clearly looks like an attempt to dump, and short-term sentiment is a bit panicked.
If you want to play short-term today, remember these key levels. The support is at the 2,300 dollar level, which has held several times before and hasn't been broken through, indicating solid buying pressure; the resistance is at the 2,400 dollar level, which has trapped many traders before, and hitting it could cause a quick pullback.
If you're entering, wait until the price stabilizes around 2,315 to 2,325 before jumping in—don't chase the high. Chasing now is just giving away your stop-loss. The short-term target is 2,380 to 2,400; if you can reach that, you've won. Set your stop-loss at 2,290; if it breaks below, it means this rebound is over, don’t hold on stubbornly.
Big whales could dump at any time, and with ETF funds still flowing out, the market isn't short of money but no one wants to enter. Keep your positions light, take profits when you can, don’t be greedy! You can subscribe to strategies on Arlong’s homepage for entry points on different tokens—subscribe and contact Arlong.