ETH's breakout yesterday was not just about the price increase, but more importantly, a change in market rhythm.



Affected by the US non-farm payroll data falling short of expectations, market expectations for short-term interest rate hikes have further cooled, leading to a broad rebound in digital currencies. However, uncertainties remain in the Middle East situation, and news could impact market sentiment at any time, so more attention should be paid to the true direction of capital flows.

From a chart perspective, ETH has broken through its previous consolidation range, ending the prolonged sideways trading and beginning to attempt its first trending move. Currently, bulls remain in control, and although the price has entered a period of low-volume consolidation at the highs, the upward structure has not been damaged yet.

Today, focus on two key levels:

1680 is the critical defense line for short-term bulls. As long as it holds, the bullish stance remains unchanged. If the price breaks above 1725 with increased volume, the upside potential could expand further.

My actual trading strategy is also clear:

I will continue to hold the long positions I entered yesterday as planned, without easily changing my strategy due to short-term fluctuations. If the market provides new confirmation signals, I will consider adding to positions in accordance with the trend.

I have always believed that trading is not about predictions, but about execution. The market fluctuates daily, but the opportunities truly worth participating in are those that align with your own trading system.

If new trading signals emerge during the session, I will update my actual trading ideas and execution logic. Feel free to join the discussion on the market.
ETH2.85%
View Original
post-image
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned