Based on early trading data, Ethereum's current price is approximately $2260-$2280, having rebounded after a daily low of $2106. From the 4-hour chart, the price is in a consolidation phase following an oversold rebound, but overall still under the influence of a bearish trend. Key levels are as follows:
Intraday Support: 2150-2200 (previous low area; a break below may accelerate the decline)
Intraday Resistance: 2330-2350 (early rebound high; a breakout could target 2400)
Strong Resistance: 2400-2450 (daily moving average resistance zone)
Strong Support: 2100-2150 (a break below would test the 2000 level)
Intraday Bullish and Bearish Strategy Recommendations
Current Market Characteristics: Price is oscillating between 2150-2350, with unclear bullish or bearish direction. Although there was an early rebound, trading volume has decreased, indicating insufficient momentum. It is advisable to adopt a range-bound strategy, wait for key levels to be tested before acting, and avoid chasing moves in the middle of the range.
Long Opportunity (Conditions to be met):
Entry Conditions: Price retraces to the 2150-2200 support zone, showing signs of stabilization (such as a long lower shadow on the 4-hour candle, RSI oversold divergence, etc.), and can be entered with a small position.
Entry Level: 2180-2200 (scale into positions, confirm support validity)
Stop Loss: Below 2150 (confirm breakdown of previous low)
Take Profit Targets:
First Target: 2280-2300 (intraday resistance)
Second Target: 2330-2350 (aim for 2400 after breakout)
Risk-Reward Ratio: approximately 1:2 (stop loss 30-50 points, target 60-100 points)
Short Opportunity (Conditions to be met):
Entry Conditions: Price rebounds to the 2330-2350 resistance zone, showing signs of stagnation (such as a long upper shadow on the 4-hour candle, decreasing volume), and can be entered with a small position.
Entry Level: 2330-2350 (scale into positions, confirm resistance validity)
Stop Loss: 2380-2400 (break above previous high to confirm reversal)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Based on early trading data, Ethereum's current price is approximately $2260-$2280, having rebounded after a daily low of $2106. From the 4-hour chart, the price is in a consolidation phase following an oversold rebound, but overall still under the influence of a bearish trend. Key levels are as follows:
Intraday Support: 2150-2200 (previous low area; a break below may accelerate the decline)
Intraday Resistance: 2330-2350 (early rebound high; a breakout could target 2400)
Strong Resistance: 2400-2450 (daily moving average resistance zone)
Strong Support: 2100-2150 (a break below would test the 2000 level)
Intraday Bullish and Bearish Strategy Recommendations
Current Market Characteristics: Price is oscillating between 2150-2350, with unclear bullish or bearish direction. Although there was an early rebound, trading volume has decreased, indicating insufficient momentum. It is advisable to adopt a range-bound strategy, wait for key levels to be tested before acting, and avoid chasing moves in the middle of the range.
Long Opportunity (Conditions to be met):
Entry Conditions: Price retraces to the 2150-2200 support zone, showing signs of stabilization (such as a long lower shadow on the 4-hour candle, RSI oversold divergence, etc.), and can be entered with a small position.
Entry Level: 2180-2200 (scale into positions, confirm support validity)
Stop Loss: Below 2150 (confirm breakdown of previous low)
Take Profit Targets:
First Target: 2280-2300 (intraday resistance)
Second Target: 2330-2350 (aim for 2400 after breakout)
Risk-Reward Ratio: approximately 1:2 (stop loss 30-50 points, target 60-100 points)
Short Opportunity (Conditions to be met):
Entry Conditions: Price rebounds to the 2330-2350 resistance zone, showing signs of stagnation (such as a long upper shadow on the 4-hour candle, decreasing volume), and can be entered with a small position.
Entry Level: 2330-2350 (scale into positions, confirm resistance validity)
Stop Loss: 2380-2400 (break above previous high to confirm reversal)
Take Profit Targets:
First Target: 2250-2280 (intraday support)
Second Target: 2200-2220 (if broken, target 2150)