Tong Ge’s 8.31 ETH Strategy
Enter [unverified term] near
$ETH 2450-2470, stop-loss at 2490, first target 2400, and second target 2350.
Current price: 2415. Yesterday’s high reached 2534, but it still failed to hold above the 2530-2550 resistance zone. When the news came out this morning, it followed Bitcoin lower all the way to 2384, wiping out 150 points in a single day. On the last day of August, it certainly showed some attitude.
After the sharp drop, it rebounded back above 2400, showing that buyers are stepping in below. But don’t rush to call a bottom just because it bounced back. This