Ethereum Short-term Morning Analysis (Long Strategy)

Entry: Pull back to around 1560 to go long
Target Range: Target (1) 1590–1610 (first reduce position to take profit)
Target (2) 1620–1630 (after breaking short-term resistance, hold remaining position for further gain)
Stop Loss: 1540
2. Chart Logic Interpretation
Trend Structure: After the market dipped to a low of 1547.00, it staged an impulsive recovery rebound, fully releasing selling pressure at low levels, short-term downward momentum exhausted; price retraced to the lower Bollinger Band support zone, where buy orders have been concentrated, shorts are temporarily unable to print new lows.
Support and Resistance: There is clear selling pressure at the short-term resistance of 1590 above, the current rebound momentum is weakening, the pace of long-side repair is slowing; indicators show expectations of a pullback due to bearish divergence, limited room for the continuation of the short-term rebound.
Trading Strategy: Only suitable for going long after a deep retracement to support, betting on a small recovery move, do not chase highs to go long.
3. Market Risk Warning
This rally is merely an impulsive move driven by short-term capital, with clear signs of resistance above and a pullback, the bearish trend on larger timeframes remains unchanged; short-term long positions must be strictly protected with a stop loss, if it breaks below the previous low of 1547 again, the rebound structure will completely fail, avoid deep entrapment. #eth