ETH Current Price 1749.2 Strategy



View: Currently, ETH has started a rebound from the previous low around 1503. The medium-term downtrend has not been completely reversed, and the price is still below short- and medium-term moving averages. However, short-term rebound momentum is sufficient. The four-hour moving averages are forming a bullish divergence arrangement, the MACD red bars continue to increase, and upward momentum is ample. However, KDJ has entered the overbought zone, suggesting short-term pullback demand. The overall trend is defined as short-term.

Key Levels
Short Resistance 1780
Strong Resistance 1800
Short Support 1710
Strong Support 1690

Trading Orders
Order 1: ETH Long (Win Rate 85%): Entry 1710-1720, SL 1685, TP 1750/1780
Order 2: ETH Long (Win Rate 82%): Entry 1690-1700, SL 1660, TP 1740/1770
Order 3: ETH Short (Win Rate 80%): Entry 1780-1790, SL 1815, TP 1750/1720
Order 4: ETH Short (Win Rate 78%): Entry 1800-1810, SL 1835, TP 1760/1730

Current Price Operation
The current price is in the middle of a short-term uptrend, close to the first take-profit target for long orders. Holders of long positions can take profit on half of their positions first, set a stop-loss at breakeven (1730) for the remaining positions and continue to hold towards the target of 1780. For users without positions, it is not recommended to chase highs at the current price. Patiently wait for a pullback to around 1720 to go long, or wait for a rebound to around 1780 before laying out short orders.
ETH0.84%
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