7.23 ETH/BTC daily trading strategy


ETH tracks BTC’s move. After a push higher met resistance, it has started to range and weaken. Bullish upside momentum has clearly diminished, and in the short term it follows BTC into a pullback cycle.

Overhead resistance zone: 1938−1945. Wait for a rebound to enter the zone, look for stall/consolidation signals, and place short orders in batches.
Stop-loss (defense): 1970. If price holds and breaks through the resistance band, the short thesis fails—exit in time.
Targets: first look at 1920. When reached, prioritize trimming half the position; the remaining exposure should look toward the 1908 support.

The market is highly linked to BTC. If BTC rallies strongly again, be cautious about shorting. Perpetual contract volatility is high—control your opening position size, and every trade must include a stop-loss. Do not hold through losses. $ETH
ETH-1.07%
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FlowSteward
· 6h ago
A cautious strategy: it’s not too late to short at the pressure level.
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KeyOnBlackVelvet
· 6h ago
The thinking is quite clear: currently, bullish momentum is weakening, so shorting the rebound is riding the trend. But note that if the big cake suddenly pumps, short positions could get swept, so a stop-loss at 1970 is reasonable. Consider building the position in batches: when it reaches 1920, cut some to lock in profits, and then keep the rest aimed at 1908. In short, manage risk well—don’t hold the position stubbornly.
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ChainTraveler
· 7h ago
The 1938–1945 period is indeed critical; if the rebound lacks strength, it may be worth a shot with a short position, but the stop-loss must be set properly.
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MempoolDaydream
· 8h ago
ETH has been moving in sync with BTC this round. If BTC doesn’t keep aggressively pushing higher, the odds of a pullback to 1908 are quite high. Still, be careful with futures contracts—don’t take too large a position.
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