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ETH Intraday Market Analysis and Trading Suggestions
In the morning session, Ethereum (ETH) was quoted around 2640 at 10:00, and we placed some bottom position short orders at this level. By 13:00 in the afternoon, the price slightly rebounded to 2644 USD before quickly coming under pressure and dropping back, currently reaching a low of around 2620 USD.
If you have entered the market according to the morning strategy, the current floating profit is about 20 points. From a technical perspective, 2650 is still the key resistance level for the day. If the price strongly breaks through this level, it may further test the 2680 resistance area, at which point you can continue to place short positions at high points.
Trading Strategy:
- This week, we will maintain a bullish outlook overall and suggest building positions in batches at key resistance levels.
- Pay attention to the 2650 resistance level during the day; if it breaks, the target is 2680.
- Pay attention to the short-term support at the 2600 integer level.
Risk Warning:
Please pay attention to controlling your position, strictly set stop-loss orders, and guard against market volatility risks.
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