ETH current price 1591.05 strategy



View: ETH is currently in a clear daily-level downward channel. The overall trend is bearish. Since the high on June 22, it has cumulatively fallen by over 14%. It is currently in a weak recovery range after being oversold, and no clear reversal signal has appeared yet. From the chart, short-term rebound momentum is insufficient, and the moving average system is arranged in a bearish (pressure) formation. Although ETF capital outflows have ended, institutional funds still preferentially flow to Bitcoin, E

Key levels

Short-term resistance 1660-1680

Strong resistance 1730-1750

Short-term support 1530-1550

Strong support 1500-1510

Trading orders

Order 1: ETH Short (Win rate 85%): Entry 1655-1675, Stop 1705, TP 1600/1560/Third target 1520

Order 2: ETH Short (Win rate 90%): Entry 1725-1745, Stop 1775, TP 1670/1620/Third target 1570

Order 3: ETH Long (Win rate 78%): Entry 1535-1555, Stop 1505, TP 1590/1630/Third target 1670

Order 4: ETH Long (Win rate 82%): Entry 1505-1525, Stop 1475, TP 1560/1610/Third target 1660
ETH0.84%
BTC0.81%
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