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$ETH Currently fluctuating between $1615 and $1640 with weak rebounds.
Key level 1670: Only if the 4-hour close is above 1670 can we expect a second surge higher (1720-1750), otherwise the rebound is fake.
For conservative longs, wait for a pullback to 1570-1550 to buy, with a stop loss at 1505.
Direction: Short-term sideways with a bias to the downside, bulls are weak before breaking 1670, market is extremely panic-stricken.
Mig trading suggestions:
① Long positions: Enter in batches at 1570-1550, target 1670→1750.
② Short positions: Lightly try short at 1675-1695, target 1620→1570.
Cautious traders wait for CPI data to be released before taking action.
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