#以太坊行情解读 Late Night Ethereum and Bitcoin Technical Overview

Ethereum’s recent market movement warrants detailed analysis. From the candlestick patterns, a standard head and shoulders top has been confirmed. After probing the 3030 neckline in the evening and continuing to weaken, this validated the significance of this key pattern. During the day, short positions were taken around 2950, with averaging down at 2990. Additional positions were added at 2915 during the live session, and then 80% of short positions were reduced around 2840—this entire strategy revolves around the head and shoulders top.

Looking at the current situation: $ETH has already broken the previous support near 2915, which may now turn into resistance. The 2960 level is the Fibonacci 0.38 resistance, combined with the double resistance from the 3000 and 3030 head and shoulders neckline, limiting the rebound potential. It is advisable to gradually establish short positions in this area, with a stop-loss set above 3090 for safety. Short-term traders should focus on whether 3030 can be pressured again—if an unexpected breakout occurs, consider halving or exiting near 3065 (my personal prediction is that recent highs are likely around 3050). The subsequent targets are 2840, 2750 (where 80% of the position was reduced), and the remaining core holdings should continue to target 2620–2600, with an extreme level near 2440.

Now, let’s look at Bitcoin. The short positions from 87500–88100 during the day were wiped out in the evening at 89500, and the suggested range of 90500–91000 indeed became a resistance zone. After touching 90400, the price started to decline and is currently around 86300. For midnight strategies, consider shorting in batches at the three zones of 87800–88100–88800, with a stop-loss above 89800. The target levels remain at 86300–85600–83800 (reduce 80%), and the remaining positions can be aimed at the extreme levels of 80600 and 78500, with the furthest target near 70800.

Risk Reminder: The above is solely based on technical analysis. Market fluctuations involve many variables; ensure proper risk management and bear the potential gains and losses yourself.