Xingge Says Crypto | ETH 0724 Today’s Trade Recap

Today’s ETH setup mainly focused on the rebound opportunity after a pullback.

Last night, ETH dropped quickly due to market sentiment, with a low around 1,858.

After such a rapid selloff, many people’s first reaction is to keep bearish, believing the market will continue to probe lower.

But based on the order book and price action, there’s a fairly clear difference between ETH and BTC.

BTC is more about range-bound correction, while during the down move, ETH has notably stronger support/absorption on the downside.

So this morning, the plan wasn’t to chase shorts at the lows; instead, the focus was on the lower support zone.

When ETH pulled back to around 1,865, the price didn’t continue to expand the downside, and short-term signs of stabilization appeared.

Then a long position was entered.

ETH long trade:

Enter around 1,865
Take profit around 1,886 (25%)

The key point of this trade isn’t to catch the absolute top—it’s about waiting for price to return to a key zone after market panic, then judging whether a rebound opportunity is forming.

In trading, many opportunities don’t come from chasing when the market is already rising; instead, they come when others are panicking—finding the low-level opportunities the market offers.

Of course, the market won’t always run exactly according to plan.

Do the level analysis, manage position sizing, and leave the rest to the market.

Today’s ETH rebound also once again validated a trading logic:

Under the same market conditions, different coins don’t always show the same strength/weakness.

When watching the market, don’t only focus on BTC; also observe the fund flows and each coin’s own rhythm.$ETH ‌#布伦特原油重返100美元