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【ETH Weekend Review and Intraday Thoughts】
Due to the low liquidity over the weekend, ETH’s overall trading activity has been rather subdued. From the hourly trend, the price has successfully broken through the middle band resistance and is currently in a consolidation phase after the breakout.
Intraday trading suggestions:
High-sell zone: 1586 - 1590
Low-buy zone: 1560 - 1565
Core strategy: Before the 1560-1590 box-range is effectively broken, continue to treat it with a range-bound approach of selling high and buying low.