Ethereum's trend tonight will most likely move as follows!

Failure to break through 2175, combined with uncertainty in the US stock market, leads major players to take profits.
Market movement: The price will gradually decline from around 2160, retesting the 2,130 - 2,140 range (near the upper band of the 4-hour Bollinger Bands), and possibly further retesting 2,113 (the 1-hour middle band support), repairing overbought indicators and gathering strength for another upward push.

If the US stock market opens weak (affected by Middle East tensions and rate hike expectations), ETH will find it hard to stay unaffected. The current rally and pullback may be dragged down by weakening US market sentiment.

Funds might be flowing from high-risk cryptocurrencies into USD or gold for safe-haven.

Recommended strategy: Focus on shorting high and buying low, mainly taking a short position.

Short-term shorting (aiming for a pullback)

Entry point: Light short positions around 2155 - 2160 at the current price.

Stop-loss: Set at 2176 (just above the previous high). If it breaks the previous high, it indicates strong bullish momentum, and short positions should be closed.

First target: 2135 - 2140 (support at the upper Bollinger Band).

Second target: 2120 (if US stocks plunge, this level may be reached).

Risk-reward ratio: approximately 1:2, offering good value.

Tonight's core strategy is defensive. Currently, resistance above 2160 is strong, and the macro environment is bearish. It’s not advisable to chase longs at the current price. Be patient and wait for a pullback to around 2130-2140 to observe support, or attempt short positions at the current price to profit from a pullback. Strictly set stop-loss! #加密市场行情震荡 $ETH