Ethereum, it’s really quite interesting. It went up the way it came down, retracing from a low of 2318 back to 2236, shaking out traders’ sentiment.

Now the key point is the 2263 level; only if it stabilizes there will there be a chance to push back to 2300. If it doesn’t hold, there’s a high probability of testing the lows around 2240-2233 again.

Key level reminders:
Long positions: wait until it stabilizes above 2263 before adding, target first at 2300, stop loss below the previous low of 2233;
​Short positions: short after breaking below 2247, target at 2200, stop loss above 2279.
Conservative and cautious traders can wait for clearer signals before entering, otherwise it’s easy to be swept back and forth.
#Gate广场五月交易分享 $BTC ‌$ETH ‌