The golden cross on ETH's 3-day chart has formed, and a significant rebound is still ahead. The initial target can be seen at 1828-1842.

ETH has a minor resistance point around 1762-1770 above 1748. A pullback to 1736-1723 can be used to add positions. At this time, 1712-1700 becomes support, and the bulls will start defending here.

ETH 1723/1713-1702 are all good for going long. Use the overnight low of around 1686, with 1680 as defense. (If forced liquidation below 1600, the defense at this point can be used to take 20% profit via T-trade; for example, if 1680 breaks, reduce 20%, and buy back at 1660-1656).

ETH short-term short at 1762/1770 (take profit at backtest 1748-1736, stop loss at 1780; avoid the situation where if it goes directly to 1796-1836, adding to short is not feasible), regular short at 1828/1836 (take profit at backtest 1777-1762, stop loss at 1850).

When the short-term trend is upward, a second breakout of a previous resistance level is usually a valid breakout. For example, yesterday's breakout above 1636, today's second breakout above 1722. After the breakout, resistance turns into support. Therefore, during the second breakout, when floating profit is more than 40 points, you can add 50% position for rolling profit-taking. After adding, the cost basis is raised, so set a stop loss at breakeven immediately.

$ETH ‌#ETH突破1700