ETH Market Analysis and Live Trading Strategy

Today's $ETH movement is more clear than ever. The market opened from a low of 2080, quickly stabilizing and rallying, with a steady surge up to 2157. The intraday rebound was particularly strong, and short-term bullish sentiment has fully ignited. This is a strong recovery after an oversold condition, not a direct shift to a bearish trend.

We didn't miss this bullish wave during the daytime trading session either. We confidently took two rounds of short-term profits: the first buy at 2105, exiting around 2125; the second buy at 2124, holding until 2150. Both trades captured over 20 points of profit with a stop loss of just 10 points, delivering a favorable risk-reward ratio—steady and profitable.

However, it’s clear that after the rebound above 2150, the upward momentum is beginning to slow. The key resistance zone in the near term is between 2170 and 2185. Several previous rebounds to this level were met with selling pressure and failed to break through easily. It’s likely that there will be a pullback at this point, so in the short term, we should look for opportunities to short on rebounds.

Trading Strategy $ETH Shorting at Highs
Entry Range: Short in batches around 2170-2185
Stop Loss: 2222
Target: First watch for 2128, reduce position by 30% at that level, then push remaining positions to break-even, and watch for 2100-2060.

Let me also add that Lao Bao has been warning in live trading since early today that this bullish trend is likely to reach 2160-2180. He specifically advised the short-sellers not to blindly short at low levels to avoid becoming cannon fodder. Yesterday, our long position at 2030 took profit at 2120, which was already a stage top. If we blindly short now, it’s very easy to get caught again. Of course, this is just my personal opinion; everyone should consider it rationally.