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ETH futures opened higher; lock in the key support below.
The overall market is choppy and bearish. In the short term, bullish momentum continues to exhaust. The price action fully matches the high-short mindset. At this stage, go short directly and ride the trend to capture the downswing and profit from the move.
In this pullback cycle, $ETH focuses on the two major core support zones below—these are also the ultimate defense positions for the short-term decline:
First key support: 1800 level
This is the short-term line between bulls and bears, as well as the dense consolidation area that the market has been repeatedly probing in recent sessions. If price briefly breaks below or touches this level, a small rebound and repair is likely. This is the first reference point to take profit on short positions and stay on the sidelines for the short term.
Ultimate strong support: around 1750
This belongs to the former historical high-density accumulated long-entry range and is the ultimate defense for this pullback cycle, with very strong support. Looking at the recent chart, 1750 has repeatedly absorbed bearish sell pressure. It is the core area at the bottom of the swing pullback, and it is highly likely to bottom out and form a stabilizing rebound structure.
The trading approach is simple and clear:
Enter shorts in line with the trend, hold in batches looking for further decline. Targets for profit are the two major support levels: 1800 and 1750.
When 1800 is reached, reduce exposure in advance to take part of the profit, and if you’re betting on the absolute low, hold patiently and watch for strong support to stabilize at 1750.
Catch the current clear bearish rhythm and steadily lock in swing gains!
#夏日创作营 #eth $ETH