ETH Short-term Market Analysis


Entry Point: Short near 1630 on a bounce
Target Range:
First Take Profit: 1600–1595 (Reduce position early to lock in profits)
Second Take Profit: 1590–1560 (Hold and wait after breaking the phase support)
Stop Loss: 1649

Market Logic
After the market surged to the stage high of 1645.86, it closed bearish with volume and pulled back. Price is under pressure from the upper Bollinger Band, turning downward. The short-term bullish momentum is completely exhausted, highs are gradually lowering, and the small timeframe has shifted from bullish to weak.
The current price is running below the middle Bollinger Band, which forms continuous resistance. Each bounce is accompanied by selling pressure. The level of 1564 below is the low of this rally and a key support level. Bulls are unable to reclaim the previous high range.
Operational Strategy: Short on bounces using the middle Bollinger Band resistance, follow the pullback trend, and do not bottom-fish for longs.
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ETH4.77%
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