1. Current Recommended Direction: ETH is bullish in the short term, and we recommend actively following the rebound. A breakout from the descending channel and a pullback to 3030 could form a bullish flag pattern, targeting 3150 or even 3450; a break above 3150 would target 3450 (FVG + M-top neckline). The structure has not yet confirmed a weakening trend; a break below the descending trendline would turn bearish. A potential rounding bottom + W-bottom structure on the 4-hour chart supports a rebound, indicating strong short-term bullish sentiment. There are no clear signs of "overextended gains" or "waiting for a pullback," making it suitable for tentative entry and adding to positions in line with the trend. 2. Position and Risk Management Recommendations: We recommend starting with a trial position, focusing on the 2980 support level. Set a stop-loss order if this support level is broken. The first profit target is 3150; consider adding to the position after a breakout, targeting 3450. Short-term trading is fast-paced; positions should not be too large, and gradual additions are advisable. Closely monitor whether the price breaks below the downtrend line; if it does, exit with a stop-loss order immediately. 3. Suitable Trading Styles: Suitable for aggressive short-term and conservative medium-term investors, this strategy relies on daily chart breakouts of the downtrend channel and multiple bottoming patterns on the 4-hour chart. The strategy emphasizes trend following, focusing on capturing rebounds, and is suitable for quick in-and-out trades, avoiding overtrading. There are no clear catalysts; it relies more on technical structure confirmation and is suitable for traders with a certain level of risk management awareness.
ETH: Summary of Community Discussions with the New Team of Crypto Big Brilliance (13:00:06 ~ 14:00:06)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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