【April 7 ETH Market Analysis and Trading Strategies】

1. Key Price Levels:
◦ Recent High: $2174 (Strong resistance for bulls)
◦ Recent Low: $2020 (Strong support for bulls)
2. Current Structure:
◦ Price rebounded from the $2020 low, faced resistance near $2174, and then experienced a rapid pullback.
◦ Currently, the price is consolidating within a narrow range around the $2100 level, indicating a weak rebound after a correction, and no clear reversal upward trend has formed yet.
Trading Strategies (by scenario)
1. Conservative Long Strategy
• Entry Range: $2080 - $2090.
• Logic: The previous low at $2020 is a strong support. When the price pulls back below the psychological level of $2100, it presents a short-term buying opportunity.
2. Trend-following Short Strategy
• Entry Range: $2130 - $2140.
• Logic: The price is encountering resistance below the $2174 high. If it rebounds to around $2130 with insufficient momentum, it is likely to continue downward.
3. Range-bound Trading Strategy
• Core Range: $2080 - $2130.
◦ Buy when the price hits $2080, targeting $2120/$2130.
◦ Short when the price hits $2130, targeting $2090/$2080.
• Risk: This strategy is suitable only for short-term oscillations. If the price breaks above $2130 and stabilizes, immediately abandon the short position and switch to a long position.
• Volume Focus: If the trading volume continues to decline during the rebound, it indicates insufficient buying momentum, and the price is likely to continue falling.