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ETH Short-term Strategy on February 5, 2025.
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Short position: If the price falls below 2,680 and RSI6 remains below 35, you can take a short position with a small position, target at 2,630, stop loss at 2,710.
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Bulls: If the price rebounds with heavy volume near 2,630, consider trying a left-side layout, with a target of 2,750 and a stop loss at 2,600.
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Range-bound: If the price repeatedly tests in the range of 2,630-2,800, it is advisable to sell high and buy low, and follow the trend after breaking through the range.
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Currently, ETH is in a pullback cycle. In the short term, pay attention to the strength of the support zone at 2,630-2,680. It is recommended to focus on defense and wait for confirmation at key levels before taking action. Use strict stop-loss measures to cope with sudden fluctuations. If 2,630 is breached, the next target is around 2,500-2,550.
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