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7.11 Crypto World Coin Mr.: Ethereum (ETH) Market Analysis Reference
Ethereum has broken through the 2800 level as expected, currently reaching around 2840 where it is facing resistance and has pulled back. This indicates that there is still resistance above, and it is not advisable for everyone to blindly chase long positions before breaking through the previous high of 2880, to avoid facing further pressure and getting stuck in high positions. The short-term market is blocked and remains in a high-level consolidation, and as of now, the price is running around 2810. However, the overall upward trend remains unchanged, and we should wait for a pullback to reach support before considering entering long positions.
Currently, the trend of Ethereum is good, and low-position spot long positions can continue to be held. The short-term price is also constantly testing upwards, so we try to maintain a trend-following operation. The current price level is too high, so we can wait for a pullback to re-enter steadily. The support below focuses on around 2730, and then looks at the 2750 line.
7.11 Ethereum short-term reference:
Down test position 2850-2905, defend 3080 to add, stop loss: 50, target below 2800,
Long position entry at 2755-2705, stop loss 30 points, target above 2805,
There is a delay in sending the article. The strategy suggestions are for reference only. The market changes rapidly, and no matter how accurate your judgment of the market is, you must set stop-loss and take-profit orders well. Secure your profits.