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Price quickly broke through to $1,868**, which means it was a volume-backed breakout above the previously mentioned $1,800-$1,850 resistance band. The short-term structure has shifted from “range-bound” to a “bullish rebound”**.
The core of current trading is “chase cautiously to avoid bull-trap, and look for buy points on pullbacks”:
· Chase-ups require caution: $1,868 is exactly hitting the 4-hour key moving average resistance, and the short-term RSI is nearing overbought. If you buy directly now and it turns out to be a false breakout, you can easily get trapped at short-term highs.
· Steady buy points (pullback strategy): Focus on the first pullback to the $1,820-$1,830 area (former resistance turned support). If a clear reversal/stopping-falling candlestick appears, it can be considered a trial long point with a favorable risk-reward ratio.
· Aggressive breakout (right-side confirmation): If price can break and hold on higher volume above **$1,880** and stay for more than 15 minutes, it can be seen as a valid breakout. Then consider adding with a small position; the upside space could be around $1,920.
· Defense and take-profit: If going long, set a strict stop-loss **below $1,790**. For short-term take-profit, look at **$1,900-$1,920**. If price rallies into this zone and then stalls, it’s recommended to take profits first.
Special reminder: This is a period of “news vacuum” with rapid volatility. When liquidity is thin, price is prone to wick/spike through levels. Use small position sizing to respond. If you plan to short, wait until $1,880 shows a clear false breakout followed by a pullback before considering it—do not blindly trade against the trend. #以太坊