ETH current price 1707.9 Strategy

View: ETH has rebounded over 5% in the last 24 hours driven by concentrated short covering, and the price has firmly stood at the key 20-day EMA level. Short-term market sentiment has somewhat recovered from the oversold range, but ETF capital inflows have not fully turned positive, and the residual selling pressure from previous whales remains. Combined with tonight's non-farm payroll data pending release, market waiting-and-seeing sentiment is strong. The short-term market is characterized as oscillating with a bullish bias. Above

Key Levels

Short resistance 1730

Strong resistance 1750

Short support 1680

Strong support 1583

Trade Orders

Order 1: ETH Long (Win rate 85%): Entry 1680-1690, Stop 1655, Take Profit 1725, 1745

Order 2: ETH Long (Win rate 82%): Entry 1625-1635, Stop 1595, Take Profit 1670, 1700

Order 3: ETH Long (Win rate 88%): Entry 1580-1590, Stop 1550, Take Profit 1630, 1670

Order 4: ETH Short (Win rate 79%): Entry 1745-1755, Stop 1780, Take Profit 1715, 1685

Current Price Operation

At current price, you can cautiously try a long position with a small stop loss at 1695, targeting around 1725 first. If it quickly surges to near 1730 and fails to break through, you can take profit directly, then wait for a pullback below 1690 to re-enter. Avoid blindly chasing highs at the current price level. Before the non-farm payroll data release, keep position size within 30%.