Morning ETH Thoughts Sharing


The current structure of the second pancake's trend is clear, belonging to a technical rebound correction after bottoming out.
The price has been steadily rising from the low of 2252, currently consolidating sideways at 2286, with a complete short-term bullish structure.
The rebound momentum is decent, but the overhead resistance at 2300 is quite heavy, and the overall market is mainly range-bound.

Below, 2256 is the core support line.
If the retest support holds, consider entering long positions in batches, expecting the rebound to continue;
Above, 2348 is a key resistance zone.
When the rally weakens or stalls, consider shorting to catch the retracement space within the range.

The market is volatile and fluctuating repeatedly.
Avoid heavy positions, strictly set stop-losses, focus on steady gains, and trade rationally.
Long-term profitability is more achievable through cautious trading than blindly chasing orders.
ETH0.89%
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