Andy Discusses the Market: ETH Thoughts in the Afternoon:



This morning, following Bitcoin, a wave of strong rally kicked in, and the price action exceeded expectations! Since the rise started from around 2360, there has basically been no obvious pullback; instead, it has continued to push higher on increasing volume, with the high reaching around 2414. Can the strength be maintained going forward? Focus on whether the 2400 level can hold steady; if there is a valid breakout and it holds, you can follow along and consider long positions; if it faces repeated pressure around the 2400 area and gets stuck in a range-bound consolidation, you can take advantage of pullback opportunities to short.

Trading Plan:
Set up long positions in the ETH 2350-2400 range, targeting 2450-2500, and strictly set a stop-loss at 2300.

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ETH2.56%
BTC1.87%
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