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Market analysis: The current price of ETH is around 2940, within the hourly range of 2930-2975, with a tendency to fluctuate more in smaller levels. Stop loss of 3000 above, 12 hour level suppression of 2975, physical break at 3020-3030 (stop loss of 3045), break through 3045 to initiate large level long positions, large suppression of 3130-3150 can be used to place short orders (stop loss of 3185). Below 2880, continue the high-level bearish trend, with a target of 2820-2840 (stop loss).
key point
Multiple related positions
Short term observation breakthrough point: 2975 (12 hour level suppression, looking towards 3020-3030 after breakthrough);
Important stop loss and breakthrough points: 3000 (upper stop loss point), 3045 (breaking through this point to initiate a high-level bullish trend, with empty stop loss points in the upper large suppression area of 3130-3150);
Breaking trigger point: 2880 (continuing the high-level bearish trend after falling below);
Short target area and stop loss point: 2820-2840 (target area), 2800 (stop loss point);
[Operation suggestion]
Breakthrough strategy: When the price effectively breaks through 2975, you can consider entering with light positions and multiple orders, with a target of 3020-3030 and a stop loss set around 3045; If the price further breaks through 3045, you can increase your position appropriately according to your own risk tolerance, while closely monitoring the suppression situation in the 3130-3150 area and preparing to lay out empty orders.
Drop strategy: If the price falls below 2880, you can buy short in a timely manner, with a target of 2820-2840 and a stop loss set at 2800.
Mid line layout: Short positions can be opened in batches in the 3130-3150 area, with a stop loss of 3185.
Risk statement
The market situation is changing rapidly, and although there are relatively many fluctuations in the current level, the overall uncertainty is still high. All operations must strictly set stop losses and reasonably control positions. It is recommended to control positions within 5%. At the same time, it is necessary to closely monitor market dynamics and the impact of news, and comprehensively judge the effectiveness of price breakthroughs based on real-time indicators such as volume and energy, in order to reduce investment risks.
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.