Ethereum's market today is actually quite interesting. From the 4-hour K-line chart, the upward structure has already broken down, and during the day, it has been consolidating sideways, forming a small-range oscillation zone — this situation is suitable for shorting.
On the resistance side, the key levels to watch are around 2880 and 3020. Once these are touched, consider entering positions. Support levels are at 2780 and 2620.
If we refine the operation to the 15-minute level, above 2880, you can take small short positions targeting the 2780 support. Place stop-loss around 2920 for safety. The risk-reward ratio is approximately 2:1, which is quite favorable.
The most critical level now is at 2780 — once this line is broken, the next target is 2620. Also, note that tomorrow Japan will release interest rate hike news, which has historically been prone to trigger market volatility, so be prepared for unexpected situations.
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Ethereum's market today is actually quite interesting. From the 4-hour K-line chart, the upward structure has already broken down, and during the day, it has been consolidating sideways, forming a small-range oscillation zone — this situation is suitable for shorting.
On the resistance side, the key levels to watch are around 2880 and 3020. Once these are touched, consider entering positions. Support levels are at 2780 and 2620.
If we refine the operation to the 15-minute level, above 2880, you can take small short positions targeting the 2780 support. Place stop-loss around 2920 for safety. The risk-reward ratio is approximately 2:1, which is quite favorable.
The most critical level now is at 2780 — once this line is broken, the next target is 2620. Also, note that tomorrow Japan will release interest rate hike news, which has historically been prone to trigger market volatility, so be prepared for unexpected situations.