Recently, ETH broke through 1830, mainly influenced by the implementation of the US-Iran peace agreement. The sharp decline in crude oil prices eased inflation concerns, and the market's risk appetite improved, driving this rally. Although current sentiment remains in extreme fear, whales are increasing their holdings at low levels, and spot ETF funds are showing signs of recovery, providing strong support for the chips.


This rebound is a correction after a decline. Currently, the daily MACD is in a golden cross, temporarily moving away from the oversold zone, but the medium-term downtrend structure has not been fully reversed. In the short term, if it stabilizes above key moving averages, a cautious bullish view can be taken, with targets around resistance zones at 1850 to 1860; if it falls back and breaks strong support, the rebound will weaken, and one should wait and see. Do not chase highs, strictly set stop-losses, and beware of sharp fluctuations caused by repeated geopolitical news.
BTC trading suggestion: short around 66,000-66,500, stop loss at 67,300, take profit at 65,500-64,800.
Buy at 64,500-65,000 with stop loss at 63,800, take profit at 66,000-66,500.
ETH trading suggestion: short at 1800-1830, stop loss at 1860, take profit at 1760-1720.
ETH-1.66%
BTC-0.52%
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GateUser-f4b860ea
· 12h ago
Just charge forward 👊
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