ETH: Summary of Community Discussions with the New Team of Crypto Big Brilliance (14:00:05 ~ 15:00:05)

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1. Current Recommended Direction ETH is bullish in the short term. Focus on potential upward opportunities after breaking through 3150, with a target of 3450. The current structure shows a potential rounded bottom + W bottom pattern. A pullback to around 3030 presents a good opportunity to tentatively establish a position. A break below the downtrend line would indicate weakness. Be wary of a pullback after the rally has been overextended. Short-term rebounds are active; aggressive traders can long, while those on the sidelines should wait for confirmation of a breakout. 2. Position and Risk Management Recommendations: We suggest starting with a small initial position, gradually adding to the position after the price stabilizes above 3150. Set a stop-loss order below the key support level of 2980. For profit-taking, focus on the resistance area of ​​3450. For short-term trading, pay attention to the 4-hour chart structure; a pullback to around 3030 presents a buying opportunity with manageable risk. Avoid chasing highs; pullbacks are opportunities to exit positions. 3. Suitable trading style: Suitable for a combination of aggressive short-term and conservative medium-term strategies, utilizing rounded bottom and W-bottom patterns to capture rebound opportunities. Based on the structural repair of the daily chart breaking through the descending channel, it is suitable for quick in-and-out operations, and it is not advisable to hold positions for too long. It is recommended to closely monitor the price's reaction to the key resistance level of 3150; if it breaks through, add to the position in the direction of the trend; if it fails to stabilize, remain on the sidelines.

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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