Ethereum trading strategy for the day:
Last night, after the US stock market opened, Ethereum had strong upward momentum for a short time, successfully breaking through recent strong highs. Unfortunately, it was unable to hold this position and began a significant decline in the early morning, leading to a situation of both long and short kills.
The weekend market is still relatively sluggish. On one hand, institutions are resting, and on the other hand, there is no buying pressure from the US stock market in the evening to stimulate buying volume. Therefore, the current market is in a fluctuation range of 2080-2100, and we all understand that prolonged horizontal movement often leads to a drop.
Trading suggestions:
Open a short position near 2090-2100 [It should be noted that 2060 is a small level of support]. If it successfully breaks down, the market will quickly approach around 2030.
Target: Around 2060, if it breaks down, look for 2030.
Specific trading suggestions and ideas are welcome for discussion in the chat room.
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