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ETH Strategy:
ETH breaks above 1587 with volume, chase long on the right side, stop loss if it falls back.
1556 breaks below with volume, chase short on the right side, set stop loss.
Retrace to 1522, confirm support is valid, take one long.
If it breaks below 1500, stop loss.
ETH hourly level holds above 1587, look upward to 1607-1640.
Watch 1662 above for ETH, take one short if given.
If it breaks above 1706, stop loss.
Left-side pin bar order: 1456 long, stop loss if it breaks below 1416.
Upper resistance: 1587-1607-1640
Lower support: 1558-1520-1500
4-hour level breaks below 1553, look downward to 1520-1500. After ETH broke below the bullish trend line and 1583 support, it did not continue to decline but instead recovered back above the trend line and 1583 resistance, forming a W-bottom pattern neckline at 1583. Next, watch whether ETH can hold above 1583. If it holds above 1583, then look for the higher one and higher two positions indicated by the yellow arrows on the left. As long as ETH does not break below the support zone of 1520-1510, the decline will not expand. Dismissed. #ETH $ETH