ETH current price 1564.41 strategy

**Viewpoint:** Currently, ETH is in an overall bearish consolidation pattern. The monthly chart remains weak in the long term. Of the past 10 monthly candles, 8 have closed bearish. Price action on the daily chart is trading within a clear downtrend channel, and in the short term it has been fluctuating in the 1500-1600 range. Fundamentally, ETF fund flows have seen net outflows for 7 consecutive weeks. Mega whales continue to sell, offsetting some of the buying from institutions. Market sentiment is relatively cautious;

**Key levels**

Short-term pressure: 1610-1630

Strong pressure: 1650, 1700

Short-term support: 1530-1550

Strong support: 1500, 1412

**Trading orders**

Order 1: ETH Short (win rate 82%): Enter 1600-1620, stop 1635, take profit 1560/1530/third target 1500

Order 2: ETH Long (win rate 78%): Enter 1520-1540, stop 1505, take profit 1570/1600/third target 1630

Order 3: ETH Short (win rate 85%): Enter 1640-1660, stop 1675, take profit 1610/1570/third target 1530

Order 4: ETH Long (win rate 75%): Enter 1490-1510, stop 1475, take profit 1540/1580/third target 1620

**Current price operation**

The current price is positioned in the middle of the consolidation range. The battle between bulls and bears is not clear, so for now, it’s mainly better to wait and observe rather than enter blindly. If the price rebounds first and reaches around 1590, you can lightly short with a stop loss at 1610, and the target is around 1550 for exiting;