5.21 Ethereum Trading Strategy



Closely follow the short-term moving average for sideways consolidation, the trend is weaker than Bitcoin, rebound is weak, overall linked to Bitcoin's range-bound oscillation

Key levels
Support: 2120, 2100
Resistance: 2148, 2170-2190

Trading strategy
A rebound to 2120 with stabilization can be long, target 2148, 2170
Rebound to 2170-2190 encounters resistance and stalls, take a light short position, look towards 2130

Breaking below 2100 ends the rebound trend, the market switches to a bearish trend, go short accordingly.
Operate mainly by buying low at support and shorting high at resistance.
BTC-1.44%
ETH-0.92%
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