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10.25 ETH Market Update | Long and Short Pump, Key Levels Marked!
Yesterday, ETH staged a "pump and dump" scenario 🎢, reaching a high of around 4020 before showing insufficient momentum, dipping to a low of 3865 at midnight, and is currently in a consolidation phase.
Core Interpretation
1. Daily chart: A small bullish candle with a long upper shadow shows heavy selling pressure above, presenting an overall weak oscillating pattern, but the bearish strength is diminishing, releasing some positive signals.
2. Hourly chart: The price is stuck in the middle position, with limited support from the trendline around 3880 below.
Trading Strategy📈📉
There is currently no clear unilateral signal, it is advisable to adopt a strategy of "high shorts and low longs, with a wait-and-see approach in the middle."
- Short position: Enter the market in the 3980-4000 area above, with a stop loss above 4020.
- Long position: Enter in the area of 3820-3800 below, with a stop loss below 3780.
Remember the mnemonic: whoever arrives first will go to which place #以太坊 #web3