ETH Short-Term Morning Analysis (Long Strategy)

Entry: Buy on pullback near 1600

Target Range: Target (1) 1624–1640 (reduce position and take profit first)

Target (2) 1670–1692 (after breaking short-term resistance, play the remaining position)

Stop Loss: 1580

II. Chart Logic Interpretation

Trend Structure: After hitting a low of 1551.00, the price staged a recovery rebound, with sufficient selling pressure released at the bottom, short-term downward momentum exhausted; the price retraces to the support zone between the lower and middle Bollinger Bands, buying support beneath continues to appear, and bears are temporarily unable to print new lows.

Support and Resistance: Upper short-term resistance at 1624 faces some selling pressure, but it is difficult to reverse the short-term bullish recovery rhythm; indicators show signs of a potential bottom divergence recovery, leaving room for the short-term rebound to materialize.

Trading Approach: Intraday, rely on the lower support and buy on pullbacks, betting on a recovery rebound after an oversold drop.

III. Risk Warning

This rebound is only a temporary correction after a major decline. The daily chart's larger cycle remains in a bearish trend. Short-term long positions must strictly carry stop-loss orders. If the price breaks below the previous low of 1551 again, the rebound structure will become invalid to avoid deep entrapment. #ETH