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Recently, Ethereum $ETH has not shown a clear upward or downward trend, continuously maintaining a range-bound pattern with repeated shakeouts and oscillations.
Insufficient upward momentum and limited downside space make this kind of market the worst for chasing highs and selling lows. The most comfortable and safest strategy is to buy low and sell high according to the range rhythm, steadily arbitraging.
Based on the current market pressure and support levels, we have identified the precise short-term attack and defense zones for ETH in this round. The approach is simple and straightforward, suitable even for beginners to follow blindly!
Upper position for shorting: around 1700
Recently, ETH has tested the 1700 level multiple times and faced resistance, pulling back each time. This level is the current short-term strong resistance center and the core bottleneck for the bulls’ rebound.
It’s clear from the market that the selling pressure above 1700 is concentrated, and the bulls’ volume is insufficient to sustain a breakthrough and hold steady.
Trading strategy
When the price rebounds and reaches around 1700, do not hesitate—go short directly.
Capitalize on the resistance and pullback profits, targeting the high-level retracement waves in oscillating markets. The short-term profit potential is very attractive.
Lower position for buying: around 1630
On the pullback side, 1630 is the short-term core support in this oscillation range and a key level where recent lows have stabilized multiple times.
Every time the market retraces to this zone, the bearish momentum significantly weakens, with sufficient buying strength, making a short-term rebound highly probable.
Trading strategy
When the market pulls back to around 1630, it’s an excellent low-entry opportunity.
Suitable for incremental long positions, aiming to profit from oversold rebounds and range recovery rebounds. The low-level entry offers high cost-effectiveness.
Overall trading core logic
Current ETH market: range-bound, neither bullish nor bearish
Don’t chase high on rebounds; decisively short near 1700 resistance
Don’t bottom-fish on dips; steady low buy near 1630 support
Oscillating markets are most afraid of chasing orders—focus only on capturing extreme highs and lows, and abandon ambiguous middle-range trades.
Once the market breaks through the key upper or lower zones, switch to a trend-following approach. For now, stick to the strategy of selling high and buying low with conviction!