ETH current price 1707.31 Strategy

Viewpoint: Currently, ETH is in a downward trend overall, with the daily chart price continuously trading below the moving average system. Although bearish momentum has weakened, there are no clear reversal signals yet. In the short term, it is entering a narrow range consolidation phase at low levels, with a fierce battle between bulls and bears. The overall trend is biased bearish, and in the short term, it should be treated as range-bound. For trading, prioritize a high shorting approach; low long positions can only be used for ultra-short-term participation.

Key levels

Short-term resistance 1730

Strong resistance 1790

Short-term support 1664

Strong support 1620

Trade orders

Order 1: ETH Short (85% win rate): Enter at 1725-1735, stop loss at 1792, take profit at 1665/1625

Order 2: ETH Short (80% win rate): Enter at 1780-1790, stop loss at 1838, take profit at 1730/1670

Order 3: ETH Long (75% win rate): Enter at 1655-1665, stop loss at 1592, take profit at 1705/1730

Order 4: ETH Long (78% win rate): Enter at 1615-1625, stop loss at 1570, take profit at 1670/1725

Current price operation

The current price is in the middle of the consolidation zone, and both bulls and bears have relatively low risk-reward ratios. It is recommended to wait and observe until the price touches the resistance near 1725 or the support near 1665 before entering the market. For those holding positions, if you have short positions, you can continue to hold with proper stop-loss. Long positions are not recommended to hold overnight.